Author: Xpariso Media

The Federal Government and the organised labour, on Monday night signed an agreement on fixing of a new minimum wage that is above ₦60,000 The agreement was signed at the end of a meeting held on Monday between leaders of the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC), and representatives of the federal government. Details below: Further to the negotiation by the Tripartite Committee on National Minimum Wage (NMW) and subsequent withdrawal of Labour from negotiation, the Leadership of the National Assembly intervened on 2nd June, 2024. The Organised Labour declared nationwide strike on Monday, 3rd June, 2024…

The Nigeria Deposit Insurance Corporation (NDIC), has commenced the liquidation of Heritage Bank. This was confirmed by the Director of Communication & Public Affairs, Bashir A. Nuhu, in a statement published on their website stating that: Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024 and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the Liquidator, pursuant to Section 12(2) of BOFIA, 2020, the Corporation wishes to announce to depositors of the bank in particular and the banking public in general, as follows: The NDIC…

The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday. According to the CBN, the bank’s management has been unable to stem the decline despite various supervisory steps taken by the regulator. With no reasonable prospects of recovery, the CBN has taken this action to protect the financial system and maintain public confidence. The Nigerian financial…

The Academic and non-academic staff unions in Nigerian educational institutions, from basic to tertiary level, have directed their members to join the nationwide indefinite strike announced by the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC). The two foremost labour unions on Saturday directed their affiliates to mobilise for a total indefinite strike from Monday, 3 June. The strike is to force the government to agree on a new minimum wage for workers as well as review the increase in the price of electricity for some consumers. The current N30,000 minimum wage, which took effect in…

Ndigbo Youth Parliament, a socio-cultural Youth parliament of Igbo speaking states, has on Wednesday felicitated with President Bola Ahmed Tinubu as he marks his one year in office. In the same vein, the group also felicitated with the Governors of Enugu State – Peter Mbah, Abia State – Alex Otti, and Ebonyi State – Francis Nwifuru as they mark their one year in office, respectively. This was contained in the press statement made available to the media on Wednesday, by the Hon. Speaker of Ndigbo Youth Parliament, Rt. Hon. Rikki Nwajiofor. In his statement, Hon. Nwajiofor congratulated the President as…

President Bola Tinubu celebrates Nigeria’s children on the special occasion of Children’s Day, saying they are the bearers of the nation’s torch into the future. A statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Monday in Abuja said Tinubu rejoiced with parents and called for strengthening of the family unit. According to the president, the family is a place where the sacred values of honesty, modesty, hard work, and charity are passed down to the shining lights of tomorrow. Tinubu affirms that society is a reflection of each family unit as a collective,…

The Kogi State Confluence University of Science and Technology (CUSTEC) has declared a three-day mourning for two of its students who were killed in kidnappers’ den. The two victims, James Michael Anajuwe, a 100-level Information Technology student, and Musa Hussein, a 100-level Software Engineering student were among students kidnapped by gunmen who invaded the school on May 9, 2024. Meanwhile, a total of 20 of the abducted students were rescued by the security operatives and local hunters. In a statement issued by the Registrar, Olufunke Hudson on Sunday, May 26, the university expressed sadness over the unfortunate incident. The statement…

The federal government has sued the thirty-six governors before the Supreme Court to ensure the autonomy of the nation’s local governments. In the suit, marked SC/CV/343/2024, was filed on May 20, by the Attorney General of the Federation and Minister of Justice (AGF), Lateef Fagbemi (SAN) on behalf of the federal government. The federal government is praying the Apex Court for an order prohibiting state governors from unilateral, arbitrary, and unlawful dissolution of democratically elected leaders for local governments. It also prayed the Supreme Court for an order permitting the funds standing in the credits of local governments to be…

Aloe barbadensis miller popularly known as aloe vera is a tropical succulent plant that is commonly grown as a houseplant. It is known for its fleshy, lance-shaped leaves with jagged edges that grow out from a basal rosette. The leaves contain a soothing gel used on sunburns and other skin irritations. Aloe vera needs bright, natural light in order to thrive and prefers to be watered regularly, as long as the soil dries out completely in between waterings. Aloe vera is a medicinal plant with antioxidant and antibacterial properties. Aloe vera benefits can include reducing dental plaque, accelerating wound healing,…

Nigerian female scholar, Professor Rose-Margaret Ekeng-Itua, has become the first black woman to earn a doctorate degree (Ph.D) in Cybernetics in the world. Cybernetics is the scientific study of how information is communicated in machines and pieces of electronic equipment in comparison with how information is communicated in the brain and nervous system. Ekeng-Itua is a pioneer educator, administrator and engineer championing leading roles in Science Technology, Engineering and Mathematics (STEM) challenges in Africa, and paving the way for the African youth, especially girls. She earned the premiering degree from the University of Reading in the United Kingdom under the…