News
Tinubu to get new minimum wage template today
Tinubu to get new minimum wage template today
The Minister of Finance, Wale Edun, is expected to present a template for a new minimum wage to President Bola Tinubu today.
It is part of efforts by the Federal Government to ensure that an agreed salary package is ready before the one-week window provided by the labour in suspending the nationwide strike on Tuesday.
Tinubu gave the directive for new template to the finance minister on Tuesday, according to the Minister of Information and National Orientation, Mohammed Idris.
Idris said this in Abuja after a Federal Government delegation on the new minimum wage met with the President on Tuesday.
“The President has directed the Minister of Finance to do the numbers and get back to him between today and tomorrow so that we can have some figures ready for negotiations with Labour.
“Mr President is determined to go with what the committee has set. He is also looking at the welfare of Nigerians,” he said.
Idris said the government was not an opponent of labour or wage increase.
The FG delegation includes Idris; Edun; Secretary to the Government of the Federation, George Akume; Labour Minister Nkiruka Onyejeocha; Minister of Budget and Economic Planning, Atiku Bagudu; Chief of Staff to the President, Femi Gbajabiamila; and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari.
Idris said the President directed Edun to do the numbers and present the new minimum wage figures within two days, adding that the presentation would form the basis of negotiation.
News
CAC extends POS registration deadline to September
CAC extends POS registration deadline to September
The Corporate Affairs Commission has granted a 60-day extension for the mandatory registration of Point of Sales agents, super agents, and sole agents.
The new deadline is now September 5, 2024.
This extension is intended to provide sufficient time for operators, especially those in remote areas, to complete their registration.
The commission acknowledged that some operators may have faced network challenges, and this extension will enable them to register and continue their businesses without interruption.
The announcement was made through a statement posted on the commission’s Facebook page on Saturday.
The statement read, “The Corporate Affairs Commission wishes to notify Fintech Operators also known as Point of Sales Operators that the initial deadline of 7th July 2024 given for the registration of sole Agents, Super Agents, and Agents has been extended for sixty days beginning from 7th July 2024 to the 5th September 2024.
“This is to give sufficient time to Operators particularly those in remote areas who might have encountered network challenges to so register and continue with their businesses.
READ ALSO:
- Army kill 11 ISWAP terrorists in Sambisa forest
- Rivers: Church youth leader arrested during thanksgiving for killing mother of 3
- Only the ‘Lord Almighty’ could convince me to quit – Biden
It added operators who continue to disobey after the new deadline will risk losing their businesses and facing prosecution for assisting criminal activities.
“Operators who fail or refuse to register at the end of the extended deadline run the risk of losing such businesses and prosecution for aiding and abetting criminal activities.”
Two months ago, the CAC announced that PoS agents of major fintechs in Nigeria including OPay, Palmpay, and Moniepoint, among others, have been given a deadline of July 7, 2024, to register their business.
The Registrar-General of the CAC, Hussaini Magaji, who announced this said this was the agreement with the PoS operators after a meeting in Abuja.
According to him, the registrations also align with the legal requirements and the directives of the Central Bank of Nigeria.
He added that the action was equally backed by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020 as well as the 2013 CBN guidelines on agent banking.
He said the registration is aimed at safeguarding the businesses of fintechs and customers and strengthening the economy.
CAC extends POS registration deadline to September
News
Nationwide blackout as electricity grid collapses again
Nationwide blackout as electricity grid collapses again
Nigeria experienced a total blackout on Saturday as the national electricity grid collapsed, for the fourth time in 2024.
The incident which occurred around 3,10pm was confirmed in a statement on Saturday by the Abuja Electricity Distribution Company (AEDC).
It said the power outage being experienced within its franchise was due to a system failure from the national grid.
“Please be informed that the power outage being experienced is due to a system failure from the national grid at 3:10pm today, affecting the power supply to our franchise areas,” the AEDC said.
The Enugu Electricity Distribution Company also confirmed the development.
In a statement, the DisCo said all its interface in the Transmission Company of Nigeria stations were out of supply, saying it was unable to provide services to customers in Abia, Anambra, Ebonyi, Enugu, and Imo states.
READ ALSO:
- Only the ‘Lord Almighty’ could convince me to quit – Biden
- Baba Ijesha: Yomi Fabiyi challenges Iyabo Ojo, Princess to demand Damilola Adekola’s trial
- Canada announces permanent residency visa programme for caregivers
“The Enugu Electricity Distribution Company wishes to inform its esteemed customers of a general system collapse which occurred at 15:09 hours today, 6th July 2024. This has resulted in the loss of supply currently being experienced across the network.
“Due to this development, all our interface TCN stations are out of supply, and we are unable to provide services to our customers in Abia, Anambra, Ebonyi, Enugu, and Imo states.
“We are on standby awaiting detailed information of the collapse and restoration of supply from the National Control Centre, Osogbo,” the statement by the EEDC Head of Corporate Communications, Emeka Ezeh, read.
The national electricity grid, on February 4, collapsed for the first time in 2024.
Also, the country suffered another nationwide blackout on March 28.
On April 14, the nation’s electricity grid experienced another system collapse.
Nationwide blackout as electricity grid collapses again
News
Why Peter Obi will lose in 2027 – Reno Omokri
Why Peter Obi will lose in 2027 – Reno Omokri
Reno Omokri a Social media influencer and former aide to ex-President, Reno Omokri, says Peter Obi will not win in 2027 if he contests the presidential election.
Omokri said unlike the new Prime Minister of the United Kingdoms, Keir Starmer, Obi had no clear stand on any issue.
He said, ” One thing we learnt from the #UKElection2024 is this: If you want to win an election, focus on telling the public what you want to do first and how you would govern the country better.
“Do not concentrate on attacking the government in power or your other opponents. You could do that, but it should not be your single issue. You have to offer a better alternative to the public.
“That is why I am amused when people think Peter Obi is coming in 2027. If he contests again, he will only lose, and worse, he will divide the opposition’s vote and make President Tinubu’s re-election easier.
READ ALSO:
- Sultan declares Sunday start of Islamic new year 1446 AH
- Father of lynched TASUED student says his son was SUG official not cultist
- Ogun ex-convict killed in front of father’s house
“Let me ask you a question. Where does Peter Obi stand on the issues? He is against the Lagos-Calabar Coastal Highway. What are his alternatives to that policy? He attacks the Government over the continued detention of Nnamdi Kanu but does not say how he will end the insurgency in the Southeast. And worse, he even obeys IPOB’s Monday sit-at-home.
“He attacked President Tinubu for ending fuel subsidy, yet he said he would not borrow. Therefore, how would he retain subsidy without borrowing or remove it without increasing inflation?
“Other than that, what does Peter Obi really stand for? He talks about ending consumption and increasing production, but he is Nigeria’s single largest individual importer through his trading business-next supermarket.
“You see, when you are not blinded by tribalism, it is clear to see that Peter Obi is no Keir Stammer. He is just the head of the political wing of IPOB, who will set Nnamdi Kanu free and treat the secessionist tendencies of IPOB with his gloves, just as Buhari did with Boko Haram.
“Again, we know what Keir Stammer stands for. It was very clear during the campaigns. But other than his plan for “religious war” against the Muslim Ummah, and his intention to free Nnamdi Kanu, what does Peter Obi stand for?”
Why Peter Obi will lose in 2027 – Reno Omokri
-
Entertainment3 days agoIbadan politician Adeojo demands N58m from Wasiu Ayinde over breach of contract
-
metro3 days agoJUST-IN: Many feared dead as two-storey building collapses in Anambra market
-
metro3 days agoJAMB exposes 3,000 fake graduates
-
News22 hours agoFuel queues in Abuja, depots raise price to N710/litre
-
metro3 days agoBandits kill Kaduna judge son, demand N300m to free father, other children
-
International14 hours agoOnly the ‘Lord Almighty’ could convince me to quit – Biden
-
metro22 hours agoNigerian man, family duped me of $370,000 – American lady
-
metro3 days agoGunmen attack Abuja-bound bus in Kogi, abduct all passengers