Author: TheScrutinyNG

The Naira on Friday recorded loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N2.50. This represents a 0.16 percent loss when compared to the previous trading date on Thursday, trading at N1,481.49 to the dollar. However, the volume of currency traded increased to $269.27 million on Friday up from $213.31 million recorded on Thursday. Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,507.00 and N1,399.00 against the…

Governors under the aegis of the Nigerian Governors Forum have rejected the proposed N60,000 minimum wage for Nigerian workers. In a statement issued on Friday by the Director of Media and Public Affairs for NGF, Halimah Salihu Ahmed, the governors said the proposed minimum wage is too high and not sustainable. NGF expressed concerns that if the N60,000 minimum wage is adopted, many states would allocate their entire Federal Account Allocation Committee funds to salaries, leaving no resources for development projects. The statement read in part, “The Nigeria Governors’ Forum is in agreement that a new minimum wage is due.…

More infrastructure and urban renewal projects are coming, President Bola Ahmed Tinubu said yesterday. He spoke while inaugurating roads B6, B12, and Circle Road in the Central Area District of Abuja. President Tinubu restated his administration’s commitment to infrastructural development and urban renewal. He described it as “a cornerstone of our vision for a more prosperous and much more connected Nigeria”. In the heart of Abuja, Road B6 (Constitution Avenue) and Road B12 (Independence Avenue) connect the three-arms zone, cultural and diplomatic areas, ministries, state liaison offices and corporate and commercial offices. The President believes the projects will reduce traffic…

By Tony Egbulefu Nigeria’s premier anti-corruption agency, the Economic and Financial Crimes Commission (EFCC) motivates the anti-corruption war of the President Bola Ahmed Tinubu-led federal government. With the corruption fight as a pillar of the Renewed Hope Agenda of President Tinubu, the government in the past one year has been remarkable as one that chose to do away with media hype and rhetorics in its anti-corruption programme, preferring rather that the outcomes bear the testimonies. The federal government’s prioritisation of the fight against corruption gives evidence to President Tinubu’s good understanding of the damage corruption has inflicted on the health…

Wahab Sunmonu There’s an ominous, cliffhanging silence as Nigerians watch with bated breath, the face-off between the Economic and Financial Crimes Commission (EFCC), and former Governor Yahaya Bello of Kogi State. Bello has blatantly refused to appear before the commission, which had accused him of questionable financial dealings that range from the obnoxious to the outlandish. What was supposed to be a routine visit has become a cat-and-mouse chase, where only one winner would emerge. And it would not be Bello. Sometime in April, operatives of the EFCC stormed Bello’s Abuja residence Gestapo-style to arrest him. What followed was nothing…

President Bola Tinubu has met the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and his Budget and Economic Planning colleague, Senator Atiku Bagudu, at the State House, presumably over ongoing minimum wage talks. President Tinubu instructed the minister of finance, Edun, on Tuesday, June 6, to work up agreeable figures that would be realistic and acceptable to all the Tripartite Committee on New National Minimum Wage representatives and present a report to him within two days. The federal government, at a meeting called by the Secretary to the Government of the Federation (SGF), George Akume, on…

The House of Representatives has asked security agencies in the country to carry out a comprehensive investigation into the circumstances leading to the murder of soldiers by yet-to-be-identified gunmen. Adopting a motion of urgent public importance sponsored by Abubakar Yalleman, the House asked its committees on Defence to interface with the Armed Forces to ensure a comprehensive investigation to fish out those responsible for the act. Yalleman lamented the needless and gruesome murder of the military personnel who were on peace missions, adding that the act has become a recurring decimal across the country. Yalleman spoke as the Indigenous People…

The Standards Organisation of Nigeria (SON), in conjunction the Ministry of Industry, Trade and Investment, has approved 86 standards for the implementation of the Compressed Natural Gas (CNG) project. Its Director General/Chief Executive, Dr. Ifeanyi Okeke, announced this at a two-day management retreat, with the theme: Service Optimisation, Greater Effectiveness and Performance Enhancement for Renewed Future, at the Ibom Icon and Golf Resort in Uyo, the Akwa Ibom State capital. In a presentation, Okeke said the organisation was working with the Presidential Initiative for the CNG (PiCNG) in developing the standards. The SON chief executive explained that the CNG standards…

The Peoples Democratic Party has reiterated that it is not in merger talks with any political party ahead of the 2027 election. A few weeks ago, the Labour Party’s 2023 presidential candidate, Peter Obi, had a private meeting in Abuja with former Vice President Atiku Abubakar and several key PDP members. Obi also met separately with former Jigawa State Governor, Sule Lamido ,and former Senate President, Bukola Saraki, sparking rumors of a potential merger before the 2027 general elections. The former Anambra State Governor was a member of the PDP until 2022 when he left to join the LP to…

The Director-General of National Orientation Agency (NOA), Malam Lanre Issa-Onilu on Wednesday in Abuja presented the official version of the new National Anthem. Issa-Onilu, said the presentation of the official version became necessary, because of wrong version being circulated on the social media, and the demand for clarification for NOA’s Community Orientation and Mobilisation Officers across the country. According to him, the new anthem is part of the National Identity project of the Tinubu administration, and also one of the seven programmes for the institutionalisation of national values. He further explained that the anthem is one of the country’s national…