California has approved a $15 per hour minimum wage for all workers in the state, becoming the first State in the US to sign the bill into law CNN Money reports. Both the State Assembly and State Senate passed the measure on Thursday afternoon. Governor Jerry Brown said he would sign it on Monday. "No one who is working full time in California should live in poverty due … [Read more...] about California Becomes The First State To Approve $15 Per Hour Minimum Wage
Economic Policy
CBN Targets N200 Per Dollar In The Parallel Market Rate
A top source in the apex bank disclosed that the aim of CBN is to ensure that the divergence between the official and parallel rate does not exceed N3, so we are looking at a parallel market rate of N200 per dollar because the downward trend in the pressure on the naira will be sustained. “The CBN has the capacity to sustain the downward pressure and will deploy further … [Read more...] about CBN Targets N200 Per Dollar In The Parallel Market Rate
Naira Slumps To N400 Per Dollars On Parallel Market And Why
The Nigerian economy is in agony as Naira slumps to N400 per dollars, the worst in history. Naira currency continues to slide on the parallel market as the government make effort to control the sales of foreign currency in Nigeria. The current state of the Naira can better be described as a free-fall mode against the dollar and other major currencies, having lost 26 per cent of … [Read more...] about Naira Slumps To N400 Per Dollars On Parallel Market And Why
Liberia President, Ellen Johnson Sirleaf Appoints Son As Central Bank Governor
Liberia's central bank board has elected the son of Nobel Peace Prize winning President Ellen Johnson Sirleaf as its interim executive governor, bank sources said on Wednesday. Charles Sirleaf, formerly a deputy governor who has worked for the bank since 2004, will occupy the post for an undefined interim period. The previous head, Joseph Mills Jones, left to prepare his … [Read more...] about Liberia President, Ellen Johnson Sirleaf Appoints Son As Central Bank Governor
Naira Pulled Down To N315 Against The Dollar
Naira has further pulled down to N315 against the dollar in the black market. Yesterday the Naira traded at N315 to one US Dollar as black market operators sold at high N318/USD1 but CBN’s rate remained at N197/ USD1, while inter bank rate was N199. The dollar has been moving up ever since the apex bank stopped selling foreign currencies to Bureau De Changes, BDCs. Also the … [Read more...] about Naira Pulled Down To N315 Against The Dollar
Nigerian Bank Customers To Pay stamp duty of N50 For Receiving Money
Nigerian Government have imposed a stamp duty of N50 on bank customers in the country, the law was passed on Tuesday, January 19, by the Central Bank Of Nigeria (CBN) . The law applies only to bank customers that receives money into his or her account either by electronic transfer, cash or cheques N50 stamp duty will be deducted from the account instantly. The new law has … [Read more...] about Nigerian Bank Customers To Pay stamp duty of N50 For Receiving Money
Naira Weakens More To Dollar, Now Sells At N305 In The Black Market
The Naira has depreciated the more after Central Bank of Nigeria stopped the foreign exchange sales to Bureau De Change operators on Monday. The dollar which was at N287 per dollar on Tuesday increased to N305 per dollar in major cities like Lagos, Abuja and Kano. The News Agency of Nigeria reports that the naira exchange rate was, however, stable at N197 to the dollar at … [Read more...] about Naira Weakens More To Dollar, Now Sells At N305 In The Black Market
The Salary Structure Of Nigerian Army
Having known the security problem we are facing as a result of Boko Haram insurgency specifically at the north east region of the country. It bleeds my heart that our Nigerian Army who have chosen to sacrifice their lives in other to restore peace and unity in our country goes home with a stipend as their monthly salary. Here Is The Salary Structure Of Our Noble Nigerian … [Read more...] about The Salary Structure Of Nigerian Army
The Salary Structure Of The Nigerian Senators
The salary structure of the Nigerian senators, Nigeria is made up of 36 states, each state is divided into 3 senatorial district, giving the total number of 109 senators in Nigeria. Each Senator represents his constituency by taking the issues that affect his people to the federal level and as well bringing solutions to those issues. In order to achieve this purpose a basic … [Read more...] about The Salary Structure Of The Nigerian Senators
Salary Structure Of The Nigeria Police Force
Having known there have been much doubt over the salary range of Nigeria police, we have decided to come up with a comprehensive salary Structure of the Nigeria Police starting from Recruit to the Inspector General of Police (IGP). 1. A Police Recruit A Police recruit is a person undergoing training to become a member of the police force. Monthly Salary - N9,019.42 Annual … [Read more...] about Salary Structure Of The Nigeria Police Force
Ogbonnaya Onu Vows To Use Only Made In Nigeria Vehicles
Nigerian Minister of Science and Technology, Doctor Ogbonnaya Onu, has again reiterated his commitments in support of made in Nigeria goods. The Minister said at the weekend that he will only use made in Nigeria vehicles as long as he retains his office in the present administration of change. Already and in order to support his words by action, Doctor Onu has listed some … [Read more...] about Ogbonnaya Onu Vows To Use Only Made In Nigeria Vehicles
Guinness Nigeria Fined ₦1Billion By NAFDAC For Selling Expired products
Everyone doing business in the Nigeria should be on their best now and learn how to respect the rule of laws in the country because it's no longer business as usual, especially the corporate organizations. Nigeria is currently in the season of fire and period of restoration. After the October 26th news in which the Johannesburg telecom giant, MTN was shaken with a whooping … [Read more...] about Guinness Nigeria Fined ₦1Billion By NAFDAC For Selling Expired products