Tag: Hardship in Nigeria
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Nigeria’s Minimum Wage Tango: Labour Demands N615k, Government Offers N48k
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Negotiations for a new national minimum wage in Nigeria have hit a standstill, with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) expressing disappointment over the government’s proposed N48,000 minimum wage, which they consider insufficient. Labour leaders, including Joe Ajaero, the NLC’s National President, have criticized the proposal…
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Nigeria’s New Cybersecurity Levy: A Burden on an Ailing Economy?
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With the introduction of the new Cybersecurity Levy, Nigeria’s economic landscape faces yet another challenge, marked by the implementation of a 0.5% levy on electronic transactions. This levy, mandated by the 2024 Cybercrime (Prohibition, Prevention, etc.) Amendment Act, aims to bolster national cybersecurity efforts under the Office of the National…
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FCCPC Locks Sights on MultiChoice’s Price Hike
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MultiChoice’s Price Hike has caught the attention of the Federal Competition and Consumer Protection Commission (FCCPC), prompting plans to review the recent increases in cable subscriptions to ensure Nigerian subscribers get value for their money. In an exclusive interview with Channels Television on its ‘Dateline Abuja’ programme, the Acting CEO…
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NNPC Ltd. Resolves Tightness in Fuel Supply, Reassures Nigerians of Stable Prices
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In a recent statement, the Nigerian National Petroleum Company Limited (NNPC Ltd.) addressed the current tightness in the supply of Premium Motor Spirit (PMS) across some areas in Nigeria, attributing it to logistics issues that have since been resolved. The Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye, emphasized…
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Multichoice Nigeria Announces Second Price Hike in Five Months for DStv and GOtv Packages
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Multichoice Nigeria, the operator of DStv and GOtv, has announced a second increase in subscription rates for its packages within a five-month period. The new tariff hike, set to take effect from Wednesday, May 1, 2024, was communicated to customers via email on Wednesday, April 24, 2024. According to Multichoice…
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Dollar or No Dollar, EFCC’s Currency Comedy Takes Center Stage!
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EFCC, The Economic and Financial Crimes Commission recently issued a stern warning against the use of the dollar or any foreign currency for transactions within Nigeria. This move is part of the EFCC’s efforts to combat illegal forex trading and currency manipulation within the country. While the EFCC’s intentions may…
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Nigeria’s Electricity Tariff Hike: Understanding the Recent Increase
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The Nigerian Electricity Regulatory Commission (NERC) recently approved an increase in electricity tariff for customers under the Band A classification, raising it from N66 to N225 per kilowatt-hour. This move, affecting customers who enjoy 20 hours of electricity supply daily, is part of efforts to attract new investment and reduce…
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Nigeria Weekly Roundup: A Recap of the Latest News and Developments
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Stay up-to-date with the latest developments in Nigeria this week. From political controversies to security challenges and humanitarian crises, our recap brings you the key stories shaping Nigeria’s landscape right now. Nigeria hunger Crisis: A Deepening Humanitarian Emergency In recent years, Nigeria has been grappling with a lot of challenges,…