Tinubu Presides Over FEC Amid Cabinet Reshuffle Talk President Bola Ahmed Tinubu is currently presiding over the Federal Executive Council (FEC) meeting at the Council Chamber of the Presidential Villa, Abuja. The meeting is holding amid talks from different quarters that a cabinet reshuffle is imminent. Tinubu,...

Vandals Destroy Gombe-Borno Transmission Tower – TCN The Transmission Company of Nigeria (TCN) says its tower T372, along the Gombe-Damaturu-Maiduguri 330kV transmission line, has been destroyed by vandals. In a statement on Sunday, Ndidi Mbah, general manager of public affairs at TCN, said the incident happened...

Electricity Tariff Hike Looms as Monthly Subsidy Hits N181bn Electricity customers on Band A feeders may need to brace up for a possible tariff increase following the rise in the electricity tariff shortfall otherwise known as subsidy. The electricity subsidy to be paid by the Federal...

FG Saves N900bn for Infrastructural Funds With a monthly deduction of N100bn from the gross revenue of the federation, the Federal Government has saved a total sum of N900bn proposed to be spent for state governments’ infrastructural development and security between November 2023 and July...

Minimum Wage: FG, Trade Unions Agree on Consequential Salary Adjustments The Committee on Consequential Adjustment in Salaries Arising from the National Minimum Wage Act, 2024, has reached an agreement on the consequential salary adjustments for public sector employees. The Committee, formed a week ago, has finalised...

Foreign Reserves Record $2.35bn Net Inflow – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says Nigeria’s foreign reserves have seen a net inflow of about $2.35bn into the Central Bank’s coffers. He disclosed this at the Corporate Customers Forum in...