The Federal Government on Tuesday inaugurated the tripartite committee on the national minimum wage. Vice President Kashim Shettima inaugurated the 37-member panel at the Council Chamber of the State House in Abuja. With its membership cutting across federal, and state governments, the private sector, and organised labour, the panel is to recommend a new national minimum wage for the country. …

For many decades, Nigeria’s move towards rapid development and economic growth was impaired by poor revenue despite the country’s abundant natural resources. The country’s unsavoury economic situation was also compounded by the almost crippling foreign exchange crisis of the last eight years, accentuated by insufficient supply of dollars into the economy. With demand outstripping supply, the fiscal and monetary authorities …

The Federal Government, through the Ministry of Solid Minerals Development, and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), have resolved to strengthen collaboration to block revenue leakages in the mining sector. During a recent visit to the Minister of Solid Minerals Development, Dr. Dele Alake in Abuja, RMAFC Chairman, Alhaji Mohammed Bello, who led his team, commended efforts of …

Minister of Solid Minerals Development, Dr.Oladele Alake has called on manufacturers of mine explosives to combat alleged leakages from their factories by tightening the security and logistics of their operations. At an emergency meeting with the manufacturers in his office on Friday in Abuja, Alake said that there is popular outcry against the role of the manufacturers in the easy …

The Federal Government has intensified efforts to secure the nation’s natural resources as the presidential inter-ministerial committee held an expanded meeting with service chiefs. The inter-ministerial committee, chaired by the Minister of Solid Minerals Development, Dr. Dele Alake, met with the security chiefs on Thursday in Abuja. Last week at the Federal Executive Council (FEC), President Bola Tinubu established an …

The President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero has lamented that Nigerians have been suffering as a result of the hike in the price of fuel. He also described Nigerians as losers for adapting to the rise in fuel prices. Ajaero stated this during the 21st Daily Trust Dialogue themed “Tinubu’s Economic Reforms: Gainers and Losers. He, …

President Bola Tinubu has advocated a review of global taxation, explaining that redressing the imbalance in the international tax regime has become imperative. He also affirmed the country’s belief in and commitment towards multilateralism as a way of addressing global challenges. Represented by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu at the Third South Summit of …

A group known as Licensed and Legal Coal Miners in Kogi State has expressed support for the state government over its enforcement of the Federal Government’s ban on illegal mining activities across the country. In a statement over the weekend, the group said that, through the operation of the state’s joint task force, which includes the Police and Nigeria Security …

The Minister of Solid Minerals Development, Dr. Dele Alake has described Nasarawa State as a worthy partner in the drive to develop mineral resources in the country. Receiving the state governor, Engr. Abdullahi Sule on Thursday in his office, Alake stated that his guest has provided immense support for the Lithium factory undergoing construction in his state, emphasising that the …

To manage customer expectations and keep faith with its avowed commitment to customers, Patricia Technologies Limited, a leading cryptocurrency company, has announced a two to five-year repayment regime for all customers who lost money following the recent breach of the company’s platform by some high-profile hackers, some of whom are now in police custody. In a statement in Lagos on …