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NRC Increases Fares On Lagos-Ibadan Train Service Over Diesel Cost

8Dec

By Mary UgwuanyiNo Comments

NRC Increases Fares On Lagos-Ibadan Train Service Over Diesel Cost

The Nigeria Railway Corporation, NRC, has disclosed that the fares for Lagos-Ibadan and Lagos-Abeokuta train have been reviewed upwards. Recall that the NRC had in August announced a reduction in the number of trips on the Lagos-Ibadan route due to an increase in the cost of diesel. In a memo issued by the NRC, the train services for the Lagos-Ibadan route were hiked. The memo read, “The new fare on Lagos – Ibadan Train Service (LITS), “Lagos – Ibadan, and Ibadan – Lagos; First class (9,000), Business, (6500), Standard, adult (3600), minor (3000). See Also: IGP Deploys Armed Officers As Abuja-Kaduna Train Service Restarts Monday “Lagos – Abeokuta, and Abeokuta – Lagos; First class (6,000); Business (4,500), Standard, adult (3,000), minor (2,000). “Abeokuta – Ibada...

<strong>507 Lagos Doctors Migrate To UK In Two Years – NMA</strong>

5Dec

By Mary UgwuanyiNo Comments

Finance, Labour, News, Nigeria

507 Lagos Doctors Migrate To UK In Two Years – NMA

The Lagos chapter of the Nigerian Medical Association, NMA, has disclosed that 507 medical doctors practicing in the state relocated to the United Kingdom in less than two years due to poor working conditions in Nigeria. Dr. Benjamin Olowojebutu, the association’s Chairman stated this while interacting with Punch Health Wise. He urged the Federal and State governments to tackle the menace of brain drain in the country’s health sector. The NMA Chairman said that brain drain has become a serious threat in Nigeria noting that medicine may go into extinction in the country if the menace is not promptly addressed as an emergency. He said, “There is a very big challenge about brain drain. I have said several times that we have to be very deliberate about how we tackle this. ...

<strong>How State Governors Contribute To Increased Poverty Rate – FG</strong>

1Dec

By Mary UgwuanyiNo Comments

Finance, News, Nigeria

How State Governors Contribute To Increased Poverty Rate – FG

The Federal Government has accused state governors of being responsible for the increased poverty in Nigeria. The Minister of State for budget and national planning, Clem Agba, blamed the state governors for prioritizing flyovers and airports to improving the living conditions in rural areas. Agba stated this while interacting with state house correspondents after a meeting of the Federal Executive Council, FEC, presided over by President Muhammadu Buhari. According to the minister, about 72 percent of the country’s poor citizens reside in the rural areas which have been overlooked by the governors. He said the governors focus more on state capitals rather than constructing roads that will help farmers to transport their farm produce from rural areas to urban areas. The min...

<strong>FG Pays ASUU Full Salaries For November, Withholds Arrears</strong>

30Nov

By Mary UgwuanyiNo Comments

Education, Finance, Labour, News, Nigeria

FG Pays ASUU Full Salaries For November, Withholds Arrears

Members of the Academic Staff Union of Universities, ASUU, have been paid their full salaries for the month of November 2022. It was also confirmed that the eight-month arrears owed to the university teachers were not paid. This was disclosed by a senior member of the union at Bayero University in an interview with Punch in Abuja on Wednesday. The source said, “Some of our members have started receiving salaries and I can confirm to you that we received our full salaries for the month of November. However, the arrears are still withheld.” Recall that the Federal Government had withheld the salaries of the lecturers during their strike that lasted for eight months. See Also: ASUU Warns of Fresh Crisis Over ‘No Work No Pay’, Seeks Intervention The members of the union ...

<strong>ASUU Warns of Fresh Crisis Over ‘No Work No Pay’, Seeks Intervention</strong>

29Nov

By Mary UgwuanyiNo Comments

Education, Finance, Labour, News, Nigeria

ASUU Warns of Fresh Crisis Over ‘No Work No Pay’, Seeks Intervention

The Academic Staff Union of Universities, ASUU, on Monday alerted Nigerians that if the Federal Government does not pay their withheld salaries, a fresh crisis will break out in the nation’s universities. The union asked parties of interest and well-meaning Nigerians to pressure the Federal Government into paying the withheld eight-month salaries of its members across the country. The alarm was raised by Prof. Moyosore Ajao, the University of Ilorin ASUU Chairman at a special congress of the branch that took place at the university’s main auditorium on Monday. Dr. AbdulGaniyu Olatunji, ASUU Secretary read Ajao’s speech while addressing the media after their solidarity rally within the varsity’s campus. Speaking on ‘Casualisation of Intellectual Workers in Nigeria: Preclude...

<strong>CBN Sets Countdown Clock On Its Website To Mark Circulation Of New Notes</strong>

21Nov

By Mary UgwuanyiNo Comments

Economy, Finance, News, Nigeria

CBN Sets Countdown Clock On Its Website To Mark Circulation Of New Notes

The Central Bank of Nigeria, CBN, has updated a ticking clock on its website displaying the deadline for the redesigned naira notes. Recall that the apex bank had announced plans to resign N200, N500 and N1000 notes. Justifying the action, CBN governor, Godwin Emefiele, had said that the action was informed by persisting concerns with the management of the current series of banknotes and currency in circulation, - especially those outside the banking system. See Also: How Naira Redesign May Crash Dollar To N200 – EFCC Boss Emefiele explained that one of the challenges faced include significant hoarding of banknotes by members of the public, with data suggesting that more than 80 percent of the currency in circulation is outside the vaults of commercial banks. How...

<strong>How Naira Redesign May Crash Dollar To N200 – EFCC Boss</strong>

17Nov

By Mary UgwuanyiNo Comments

Economy, Finance, News, Nigeria

How Naira Redesign May Crash Dollar To N200 – EFCC Boss

Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has said that the value of the dollar against the naira may drop to N200 after the redesign of naira notes. The EFCC Chairman disclosed this on Wednesday in an interview with the Hausa service of Deutsche Welle (DW). Recall that the governor of the Central Bank of Nigeria, Godwin Emefiele, had on October 26, announced the plan to redesign the N200, N500, and N1,000 notes of the naira in an attempt to regulate money supply and help security personnel in battling illicit financial flows. The anti-graft agency boss lauded President Muhammadu Buhari for backing the naira redesign policy. Bawa said, “The law says the redesigning of naira notes should be done every eight years but we spent 20 years...

<strong>FG Insists On No Work No Pay For ASUU Members</strong>

16Nov

By Mary UgwuanyiNo Comments

Education, Finance, Labour, News, Nigeria

FG Insists On No Work No Pay For ASUU Members

The Federal Government has insisted that members of the Academic Staff Union of Universities, ASUU, will not be paid for the period they were on strike. This was disclosed by the Minister of Education, Adamu Adamu, in an interaction with State House correspondents in Abuja, noting that it was in line with the policy of ‘No work, no pay’. Recall that ASUU had suspended its eight-month-old strike in October following an order of the Court of Appeal which upheld a ruling of the National Industrial Court asking the lecturers to return to the classroom. However, following the suspension of the strike, the Muhammadu Buhari-led administration paid ASUU members half salaries for the month of October while holding on to its resolve not to pay the arrears of salaries incurred while the...

Naira Gains To N710/$ At Parallel Market

12Nov

By Mary UgwuanyiNo Comments

Economy, Finance, News, Nigeria

Naira Gains To N710/$ At Parallel Market

The naira has recovered from its recent dip, rising at the market to N710 per dollar in Lagos on Friday. The naira has recovered from its recent dip, rising at the market to N710 per dollar in Lagos on Friday. The rate represents N115 or 13.9 percent rise compared to the N825 to a dollar it exchanged on Wednesday. According to Bureaux De Change operators, BDCs in Ikeja, Lagos, who spoke to TheCable on the issue, the buying rate of the greenback was N700 while the selling price stood at N710 per dollar, amounting to a N10 profit margin. Abubakar, a trader at the Alade Market, Ikeja said, “I have plenty of dollars in my hand but people are not buying as much as before. I have not yet sold anything today.” A currency trader at Victoria Island, simply identified as Musa, sa...

ASUU Half Salaries: Governors Set To Intervene

11Nov

By Mary UgwuanyiNo Comments

Elections, Finance, News, Nigeria

ASUU Half Salaries: Governors Set To Intervene

Governor Muhammadu Badaru of Jigawa State has promised that the dust raised by the payment of half salary to members of the Academic Staff Union of Universities, ASUU, would be legally addressed by all the state governors. Badaru said this yesterday during the official inauguration of the leadership of the National Association of Nigeria Students, NANS, that took place in Abuja. The governor assured that his administration would not relent in its support to students and stabilise the education sector through NANS. He stressed that President Muhammadu Buhari was not oblivious to the plight of the students induced by the ASUU strike and would not give room for similar situations again. See Also: Half Salaries: Stop Provoking Lecturers – Falana He said, “On the half salary...