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Former employees of the Central Bank of Nigeria (CBN) have initiated legal proceedings against the apex bank, challenging their dismissal in a series of mass terminations conducted in early 2024. The case, filed at the National Industrial Court of Nigeria (NICN) in Abuja, represents 33 claimants led by Stephen Gana. The Legal Challenge The dismissed employees contend that their termination letters, issued under "Reorganisational and Human Capital Restructuring" on April 5, 2024, violated: - Section 36 of the Nigerian Constitution - CBN Human Resources Policies and Procedures Manual (HRPPM) - Nigerian labour laws - Their contractual rights The claimants are…
The Federal Government of Nigeria has announced enhanced surveillance measures for inbound passengers from China in response to a surge in Human Metapneumovirus (HMPV) cases reported in the Asian nation. The measures, which include potential quarantine protocols, aim to curb the spread of the respiratory virus. HMPV, which primarily affects children and individuals with weakened immune systems, has caused a wave of respiratory infections across northern China this winter. The outbreak has overwhelmed hospitals and sparked public concern, with social media showing images of overcrowded healthcare facilities. John Oladejo, Director of Special Duties at the Nigeria Centre for Disease Control…
The West African Examinations Council (WAEC) has launched a new initiative allowing students to resit their WASSCE papers as early as January and February 2025. This new system, known as WASSCE PC1, eliminates the long wait for the next private examination cycle and offers a faster path for students to improve their grades. Announcing the initiative on JoyNews’ AM Show in Ghana, WAEC’s Head of Public Affairs, John Kapi, explained that students who identify the need to resit specific papers after receiving their results now have until January 8, 2025, to register online via WAEC’s website or accredited internet cafés.…
Gunmen reportedly from Nigeria have killed at least five Cameroonian soldiers and wounded several others in Bakinjaw, a village near the Nigeria-Cameroon border, according to officials. Aka Martin Tyoga, a member of parliament for Akwaya district in southwestern Cameroon, said the attack occurred early Friday when hundreds of armed Fulani herdsmen crossed the border from Taraba State in Nigeria and attacked a military post. Tyoga stated the assault was in retaliation for the killing of several herdsmen by Cameroonian soldiers the day before. Agwa Linus, the traditional ruler of Bakinjaw, confirmed the attack and said the assailants also burned down…
Karl Toriola, CEO of MTN Nigeria, has advocated for a 100% increase in tariffs to counter soaring operational costs driven by inflation and naira devaluation. Speaking on Channels Television’s Sunrise Daily, Toriola explained that telecom operators have not adjusted prices in over a decade despite significant economic pressures. “We at MTN believe we need a tariff adjustment of about 100%. The industry is aligned because we all face the same headwinds,” Toriola said. He noted that sectors such as aviation and power have already adjusted their prices, leaving telecommunications behind. Toriola emphasized that the proposed hike would help ensure the…
Despite the Central Bank of Nigeria’s (CBN) efforts to curb liquidity through tightening measures, the country’s Broad Money Supply (M2) surged by 51% year-on-year (YoY) to ₦108.96 trillion in November 2024, according to the apex bank’s latest report. The increase was primarily driven by rising domestic borrowings by the Federal Government, the CBN stated. Broad Money Supply (M2) encompasses the total money in circulation, including cash and various non-cash components such as savings deposits and time deposits. The CBN’s Money and Credit Statistics revealed that M2 grew sharply from ₦72.03 trillion in November 2023. This growth was consistent for six…
Nigeria’s labour unions have intensified their criticism of the Federal Government’s policies, highlighting their adverse impact on citizens and calling for urgent economic reforms to address inflation, high exchange rates, and declining living standards. Trade Union Congress (TUC) President Festus Osifo, during an interview on Channels TV, accused President Bola Tinubu of doubling down on policies that have worsened economic challenges. He noted that while the president’s recent media chat aimed to inspire hope, the government has failed to implement actionable strategies to mitigate inflation and stimulate economic growth. “Our inflation analysts have repeatedly linked current economic hardships to some…
Starting Wednesday, Nigeria will require applicants for oil licences and permits to demonstrate plans for low carbon emissions and renewable energy integration before approvals are granted, according to Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The new policy aligns with Nigeria’s commitment to achieving net-zero carbon emissions by 2060. To support this initiative, the NUPRC has introduced the Upstream Petroleum Decarbonisation Template (UPDT), which provides guidelines for applicants. Komolafe stated that enforcement of the new requirements will begin on January 1, 2025, encompassing all upstream sector approvals, including divestments. “This initiative deepens our efforts…
Wednesday, 01 January 2025 05:16

Ivory Coast says French troops to leave country

Ivory Coast has announced that French troops will withdraw from the West African nation, further reducing the military influence of the former colonial power in the region. In an end-of-year address, Ivory Coast's President, Alassane Ouattara, said the move was a reflection of the modernisation of the country's armed forces. Separately, Senegal, which last month announced France would have to close its military bases on its territory, confirmed the withdrawal would be completed by the end of 2025. Ivory Coast is home to the biggest remaining contingent of French troops in West Africa. There are some 600 French military personnel…
April 19, 2025

Nigerian Stock market rebounds as capitalization rises by N240bn

The Nigerian Exchange Limited (NGX) bounced back on Thursday as market capitalization increased by N240…
April 21, 2025

Tunde Bakare to Tinubu: ‘Stop playing God, embrace humility’

In a fiery Easter Sunday state-of-the-nation address delivered in Lagos, Tunde Bakare, the serving overseer…
April 21, 2025

How Easter transformed the world like nothing else ever could

Scott S. Powell Across cultures throughout human history, people have sought to flee oppression and…
April 19, 2025

UFO: US Navy reports on mysterious aircraft launching from sea

A group of unidentified flying objects spotted by Navy sailors is raising eyebrows after witnesses…
April 21, 2025

Gunmen kidnap 4 travellers on Kwara highway

Suspected gunmen have abducted four travellers heading to Offa in Kwara state from the Federal…
April 21, 2025

What to know after Day 1152 of Russia-Ukraine war

WESTERN PERSPECTIVE Kyiv and Moscow accuse each other of countless violations of one-day Easter ceasefire…
April 15, 2025

Is it finally safe to ditch your phone case? I put it to the test

Thomas Germain With smartphones tougher than ever, a new wave of phone minimalists say cases…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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