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Federal Government Initiates Payment Of November Wage Awards, Easing Tensions

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Federal Government Initiates Payment Of November Wage Awards, Easing Tensions....KINDLY READ THE FULL STORY HERE▶

In a significant development aimed at providing relief to federal civil servants nationwide, the Federal Government has commenced the distribution of wage awards for November 2023………CONTINUE READING

This action is part of the agreement brokered between the government and organized labour to mitigate the impact of the subsidy removal on Premium Motor Spirit (PMS), commonly referred to as petrol.

Numerous federal civil servants, in separate interviews with Punch on Tuesday, confirmed the resumption of wage awards payments, marking the end of a period of suspension that had drawn criticism from activists and stakeholders.

The decision to restart payments underscores the government’s commitment to honoring its agreement with the workforce, despite earlier fiscal adjustments that included a N100 billion reduction in the wage award allocation in the 2023 supplementary budget.

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had expressed dissatisfaction with the government’s suspension of payments, labeling it as dishonorable. They had warned of possible industrial action if their demands were not met.

Anonymous sources within the civil service confirmed the receipt of payments, indicating that the funds were disbursed as part of the November 2023 wage awards. This move is expected to alleviate financial strains and ease tensions among federal employees.

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“The Clear Choice”: Baba-Ahmed Backs Donald Duke For Presidency, Predicts Certain Win!.

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Datti Baba-Ahmed, a prominent chieftain of the Peoples Redemption Party (PRP), has made a bold assertion regarding the upcoming presidential race, claiming that former Cross River State Governor, Donald Duke, possesses the strength to defeat both President Bola Tinubu and Peter Obi, provided the electoral process remains free and fair.....KINDLY READ THE FULL STORY HERE▶

Endorsing a “Highly Qualified” Candidate Speaking during an interview on Symfoni TV, Baba-Ahmed, a former political ally of Peter Obi, praised the newly emerged PRP presidential candidate. He described Duke as one of Nigeria’s most capable political figures, arguing that the public has yet to fully grasp the extent of his leadership credentials and widespread national appeal.

“Don’t Underestimate Him” Baba-Ahmed emphasized that Duke’s political viability should not be dismissed, pointing to the 2023 general election as a cautionary tale. He noted that many observers significantly underestimated Peter Obi’s potential during that cycle and warned that the electorate might be making a similar mistake by overlooking Duke’s surging momentum in the lead-up to the next election.

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Showdown In Court: Judge Rejects Sowore’s Plea, Sets Daily Trial Schedule For Defamation Case

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The Federal High Court in Abuja has issued a stern directive to Omoyele Sowore, the publisher of Sahara Reporters and former presidential candidate, to immediately open his defence in the criminal defamation trial brought against him regarding remarks made about President Bola Tinubu.....KINDLY READ THE FULL STORY HERE▶

The Courtroom Showdown On Thursday, Justice Mohammed Umar rejected a plea from Sowore’s legal team to adjourn the proceedings until after the court’s upcoming vacation. Sowore’s counsel, Marshall Abubakar, had attempted to delay the trial, citing his client’s desire to focus on preparations for next year’s presidential election. However, the judge dismissed this request, ruling that the criminal trial must proceed on a day-to-day basis, adhering to the provisions of the Administration of Criminal Justice Act.

Failed Attempt to Stall The trial, which is being prosecuted by the Department of State Services (DSS), follows allegations that Sowore labeled President Tinubu a “criminal” in posts shared on his and Facebook accounts.

During the hearing, prosecuting counsel Akinlolu Kehinde (SAN) highlighted that the Chief Judge of the Federal High Court had already officially declined Sowore’s May 19 request to have the case reassigned to a different judge. Justice Umar reviewed the Chief Judge’s response in open court and agreed with the prosecution, noting that there was no instruction for the defendant to file further applications to stall the process.

“Proceed or Be Foreclosed” The prosecution strongly opposed any further delays, with Kehinde asserting that the law leaves no room for “dilatory practice” in criminal trials. He warned that the defence must either commence their case or risk being foreclosed from doing so. Following the judge’s final ruling, the matter was adjourned to Friday, June 5, for the formal opening of the defence.

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Breaking: Forex Market Update – Naira Defies Volatility To Open At ₦1,361!.

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If you are looking for the current Dollar to Naira exchange rates, here is the breakdown for the parallel (black) market and the Central Bank of Nigeria (CBN) figures as of Thursday, June 4, 2026.....KINDLY READ THE FULL STORY HERE▶

Parallel Market (Aboki FX) Rates

In the Lagos parallel market, Bureau De Change (BDC) sources reported the following rates for the US Dollar:

  • Buying Rate: ₦1,380 per Dollar

  • Selling Rate: ₦1,395 per Dollar

CBN Official Rates

The official exchange rates reported by the Central Bank of Nigeria are as follows:

  • Lowest Rate: ₦1,356 per Dollar

  • Highest Rate: ₦1,361 per Dollar

Important Disclaimer: Please be aware that the Central Bank of Nigeria (CBN) does not officially recognize the parallel market. The bank advises individuals seeking to conduct foreign exchange transactions to utilize their respective commercial banks. Additionally, please note that actual rates available for buying or selling may fluctuate and could differ from those listed here due to market volatility and local variations.

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