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Presidency Denies Reports On ₦105,000 New Minimum Wage 

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2 years ago

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Presidency Denies Reports On ₦105,000 New Minimum Wage

The presidency has refuted circulating reports that the federal government is proposing a new minimum wage of ₦105,000 for Nigerian workers.....KINDLY READ THE FULL STORY HERE▶

In a brief statement on Thursday evening, Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, dismissed the claims.

According to Onanuga, media reports suggesting that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, had proposed a new minimum wage in the template submitted to President Tinubu are inaccurate.

He clarified: “The Honorable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has not proposed ₦105,000 minimum wage. The contrary story being disseminated is false.”

Details to follow…

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Bring Him Home! Family Petitions IGP Over Continued Seizure Of Habila’s Body!.

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July 17, 2026

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The family of the late Mary Habila has formally petitioned the Inspector-General of Police to demand the immediate release of her body for burial.....KINDLY READ THE FULL STORY HERE▶

Family’s Petition and Demands

  • The petition was submitted to the Force Headquarters in Abuja on Friday by the deceased’s father, Tanko Habila, alongside his wife, relatives, and legal counsel.

  • The family expressed deep frustration with the Ebonyi State Police Command, noting that the body has been withheld for nearly two weeks.

  • They argue there is no legal justification for keeping the remains and accused the police of causing the family unnecessary emotional distress.

  • Tanko Habila stated the family is not interested in a post-mortem examination, asserting that sudden deaths can occur without foul play, and they simply wish to proceed with funeral arrangements.

Minister David Umahi’s Response

  • Mary Habila passed away at the residence of the Minister of Works, David Umahi, under circumstances currently under investigation.

  • Minister Umahi has denied any involvement in her death, labeling attempts to link him to the incident as “politics taken too far”.

  • He stated that Habila was a trusted aide and felt like a daughter to him, noting he had previously funded some of her medical treatments for existing health issues.

  • Regarding the circumstances of her death, Umahi reported that she had complained of bleeding from her nose during a call with her boyfriend shortly before she was discovered.

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Digital Revolution! President Tinubu Signs Historic Executive Order To Unleash Nigeria’s Crypto And Virtual Asset Potential!.

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July 17, 2026

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President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, establishing a unified regulatory framework for Nigeria’s digital economy and virtual assets.....KINDLY READ THE FULL STORY HERE▶

Regulatory Framework and Objectives

  • Harmonized Governance: The order aims to strengthen cooperation between financial, capital markets, and revenue agencies, closing regulatory gaps that previously left the country vulnerable to fraud, money laundering, terrorism financing, and data privacy threats.

  • No New Regulator: The framework coordinates the existing mandates of government agencies rather than creating a new regulator or transferring statutory powers between institutions.

  • Oversight Structure:

    • Virtual Asset Council: Chaired by the Central Bank of Nigeria (CBN), with the Nigeria Revenue Service (NRS) and the Securities and Exchange Commission (SEC) serving as vice-chairs. Additional members include the Nigerian Financial Intelligence Unit (NFIU) and the Office of the National Security Adviser (ONSA).

    • Virtual Asset Office: This serves as the operational body for the Council, with its secretariat located at the CBN to manage daily coordination, information sharing, and reporting.

Operational Implementation

  • Supervisory Approach: Registration for operators will depend on the activity and asset type; the SEC will register securities, while the CBN will oversee payment, settlement, and custody services involving non-security virtual assets.

  • Regulatory Sandbox: The CBN is initiating a regulatory sandbox, allowing eligible operators to test blockchain-based solutions and products under strict supervision to assess market and financial stability implications.

  • Fiscal and Policy Roadmap:

    • The Nigeria Revenue Service (NRS) will issue a tax policy for the sector to ensure consistent application of tax laws and support national revenue.

    • The Federal Government is finalizing a Virtual Assets White Paper to outline long-term policy priorities.

    • The Council is required to develop a Harmonised Implementation Framework within 30 days to facilitate the order’s execution.

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From Manchester To Number 10: Andy Burnham Clears Path To Become UK’s Seventh Leader Since 2016!.

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July 17, 2026

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Veteran British politician Andy Burnham has been officially confirmed as the new leader of the UK’s governing Labour Party, a position that paves the way for him to succeed as the nation’s Prime Minister.....KINDLY READ THE FULL STORY HERE▶

Leadership Transition

  • Burnham was declared the winner unopposed during a special Labour Party conference held on Friday after failing to receive challenges from other candidates.

  • UK Interior Minister Shabana Mahmood formally announced his election, stating that because no other eligible candidates were nominated, he was the duly elected leader.

  • This leadership change occurs in the wake of Keir Starmer’s resignation as Labour leader, which followed intense political pressure within the party.

  • Following the required constitutional transition, Burnham is set to officially take office as Prime Minister on Monday.

Future Priorities

  • In his acceptance address, Burnham committed to unifying the Labour Party.

  • He emphasized his goals to rebuild public trust in government.

  • Additionally, his agenda includes pursuing policies that devolve greater power to local communities, while simultaneously working to enhance economic growth and public services.

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