Favour WinnerHere are top 10 stories from Nigerian newspapers today, 20 June 2024 on Business, economy, politics and entertainment among others.
1. Minimum wage: Why States May Have Issues Paying N62,000
The N62,000 being proposed by the Federal Government and Organised Private Sector (OPS) may seem unaffordable for some states as some may need to retrench staffs to be able to pay.
Many state governors have said they will not be able to pay the minimum wage due to lack of funds.
There are indications that without monthly allocations from federal government, many of them run on deficit in running personnel costs as their Internally Generated Revenue is low.
READ ALSO: Between Creation Of More States And Regional Govt, Which Do We Really Need?
2. Lagos, Abuja Listed as Cheapest Cities to Live in for Expatriates
Nigeria’s commercial center, Lagos and the administrative capital, Abuja have been listed globally as the cheapest cities for expatriates to live in.
According to the 2024 Mercer cost of living survey released recently, the reason for the lower costs of living in these cities is the naira depreciation.
3. Why Nigeria’s Sending Astronaut to Space – FG
Nigeria and the Space Exploration and Research Agency (SERA), from Delaware, USA, have signed a Memorandum of Understanding (MoU) in Abuja, on Wednesday, marking the first time a Nigerian human is making an attempt to travel to space.
According to the Minister of Innovation, Science and Technology, Chief Uche Nnaji, this has been the aspiration of Nigeria.
4. Fuel Price Rises By 223.21 per cent – NBS
The national average retail price paid by consumers for Premium Motor Spirit, PMS, otherwise known as petrol has risen year-on-year, YoY, by 223.21 per cent from the N238.11 per litre recorded in May, 2023.
According to a report by the National Bureau of Statistics (NBS), on a year-on-year, YoY basis, it increased from N238.11 per litre recorded in May, 2023 to N769.62 per litre in May 2024 while on a month-on-month(MoM) basis, it recorded an increase of 9.75 per cent from N701.24 per litre in April 2024.
5. Obaseki Asks Edo Police To Fish out Killers of UNIBEN Graduate In 7 days
Edo State government has condemned the rape and murder of a University of Benin (UNIBEN) graduate identified as Glory Adekolure and has given the state’s Commissioner of Police seven days to fish out the killers.
Adekolure, aged 22 was said to have been on her way home from school after her clearance when she was attacked, tortured and raped to death by yet-to-be-identified individuals and her remains dropped close to her mother’s house.
6. Economic Hardship Forces Workers To Withdraw Pension Contributions
Due to the economic hardship in the country, many Nigerians workers have resorted to withdrawing their pension contributions.
A breakdown of the first quarter report released by the National Pension Commission (PenCom), shows that the number of workers that made withdrawals from their voluntary contributions under their pension savings increased by 87.6 per cent in the first quarter of 2024 (Q1’24).
7. Customs Set To Achieve Stable FX Rates For Import
The Nigeria Customs Service (NCS), has hinted that it has began to work with the Central Bank of Nigeria (CBN), to achieve a stable exchange rate for imports.
This was disclosed by the Comptroller-General of Customs (CGC), Mr. Adewale Adeniyi, at a press conference in Abuja on Wednesday, to mark his one year in office.
8. Sims Partners TCL to Extend Customer Base
Sims Nigeria Limited, a leading consumer electronics company, has announced its partnership with TCL Electronics, a renowned global leader in the consumer electronics industry.
The country manager for TCL in Nigeria, Mr Alec Zhang while speaking at the press conference to officially announce the partnership, said: “As a brand at the forefront of cutting edge technology in the consumer electronics industry, having a strategic partner like Sims that will accelerate the adoption of our products and drive the growth of TCL in the Nigerian market is a significant milestone for us, we look forward to delivering high quality products and after sales support service to consumers across Nigeria.”
9. Court Dismisses Abba Kyari’s Bail Application
A Federal High Court, sitting in Abuja, yesterday has dismissed the application for release on bail filed by the detained Deputy Commissioner of Police Abba Kyari, who is facing drug trafficking charge pending the conclusion of his trial.
Trial Judge, Justice Emeka Nwite had held that the application by the DCP lacked merit and failed to establish any exceptional occurrence that would make the court judge in his favour.
10. Rivers Gov Fubara Orders Audit Of LG Accounts, Swears In Caretaker Committee Chairmen
Rivers State Governor, Siminalayi Fubara, has ordered the audit of local government accounts in the state in the last three years.
This comes in the wake of the fresh political controversy in the state over the tenure of elected local government chairmen.
The governor gave the directive while swearing in caretaker committee chairmen for the 23 LGAs on Wednesday. Read more
