The Federal Government has identified digital financial platforms Nigerians can use to check their eligibility for its N50,000 National Emergency Relief and Stabilisation Intervention (NERSI) grant. The government has approved five digital financial service providers with available USSD codes through which Nigerians can access information about the grant. They include ALAT by Wema, MoMo PaymentContinueContinue reading “FG approves platforms, USSD for Nigerians to get N50,000 grants”
Category Archives: Economy
Police uncover fake Dollar printing factory in Ondo
The Ondo State Police Command has uncovered a suspected illegal factory used for printing counterfeit United States Dollar notes in Odigbo Local Government Area of the state. The command recovered three bags of suspected fake currency and arrested one suspect. The discovery was made on Oct. 29 during a police raid on a suspected hideoutContinueContinue reading “Police uncover fake Dollar printing factory in Ondo”
Labour war deepens as Ajaero, Osifo lock horns over FG’s N70,000 transport allowance
A bitter leadership battle has erupted within Nigeria’s labour movement as the presidents of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) traded sharp words over the controversial N70,000 transport allowance approved by the Federal Government and the authority to negotiate on behalf of workers. The dispute intensified on Monday, Nov. 2,ContinueContinue reading “Labour war deepens as Ajaero, Osifo lock horns over FG’s N70,000 transport allowance”
FG begins N50,000 monthly cash support for vulnerable households
The Federal Government has rolled out a monthly cash support scheme offering N50,000 to vulnerable households as part of efforts to ease the burden of rising living costs. The Minister of Humanitarian Affairs and Poverty Reduction, Dr Bernard Doro, disclosed this in a statement issued on Friday in Abujw. He described the National Emergency ReliefContinueContinue reading “FG begins N50,000 monthly cash support for vulnerable households”
TUC rejects N70,000 transport allowance for workers, demands immediate salary increase
The Trade Union Congress (TUC) has rejected the ₦70,000 six-month transportation allowance approved for workers by President Bola Tinubu, urging him to increase salaries and implement the Joint Health Sector Unions (JOHESU) agreement. President Tinubu on Tuesday announced intervention for workers across all levels for six months, beginning in November 2026, following a conciliation meetingContinueContinue reading “TUC rejects N70,000 transport allowance for workers, demands immediate salary increase”
Faduyile assures legislative support for NRS reforms
Distinguished Senator Prof. Dayo Faduyile, OON, representing Ondo South Senatorial District at the 10th National Assembly, has assured the management of Nigeria Revenue Service (NRS) of cooperation and legislative collaboration to consolidate the reforms of the service. Faduyile gave this assurance on Wednesday, Oct. 28 during a courtesy visit to Medium and Emerging Tax PayerContinueContinue reading “Faduyile assures legislative support for NRS reforms”
FG approves N70,000 monthly transport support for workers for six months
The Federal Government has approved N70,000 monthly transport intervention for public service workers across all levels for six months, beginning in November 2026, to cushion the impact of rising living costs. The approval was one of the resolutions reached at a conciliation meeting between the Federal Government and the leadership of the Nigeria Labour CongressContinueContinue reading “FG approves N70,000 monthly transport support for workers for six months”
Atiku asks N’Assembly to suspend Tinubu’s $20.5bn, €1.04bn foreign loans request
Former Vice President Atiku Abubakar has urged the National Assembly to suspend consideration of President Bola Tinubu’s request for approval to obtain $20.52bn and €1.045bn in external loans until the Federal Government publishes details of the projects to be financed. Atiku, the African Democratic Congress (ADC) presidential candidate in 2027 general elections , said theContinueContinue reading “Atiku asks N’Assembly to suspend Tinubu’s $20.5bn, €1.04bn foreign loans request”
Tinubu seeks N’Assembly approval for $20.5bn, €1.04bn foreign loans
President Bola Tinubu has asked the Senate to approve $20.51billon and €1.45billion in external borrowing to address funding gaps in the Federal Government’s 2026–2027 supplementary borrowing plan. The President’s request was conveyed in a letter which Senate President Godswill Akpabio read during plenary on Tuesday. According to the letter, the requested funds—specifically $20,517,755,901 and €1,045,083,643—areContinueContinue reading “Tinubu seeks N’Assembly approval for $20.5bn, €1.04bn foreign loans”
FG commissions 4 substations, adds 544MW capacity to Kano grid
The Federal Government has commissioned four transmission substations in Kano State, adding 544 megawatts (MW) of electricity wheeling capacity to strengthen power supply to industrial, commercial and residential areas. The facilities, located at Walalambe, Kumbotso, Dakata and Dan-Agundi, were delivered through the Transmission Company of Nigeria (TCN) in partnership with the Kano State Government toContinueContinue reading “FG commissions 4 substations, adds 544MW capacity to Kano grid”