News

FG Raises Salaries Of Military, Police, Others

Published

2 years ago

May 1, 2024

The Federal Government has approved a 25 to 35 per cent increase in the salary structures of police officers, the armed forces, public servants, among others.

It announced this on Tuesday through the National Salaries, Incomes and Wages Commission, stating that the salary raise takes effect from January 1, 2024.

The NSIWC, in a statement issued by its Head of Press, Emmanuel Njoku, said the approved increase of between 25 and 35 per cent in salary was for civil servants on the remaining six consolidated salary structures.

The commission said, “The Federal Government has approved an increase of between 25 per cent and 35 per cent in salary for civil servants on the remaining six consolidated salary structures.”

It outlined the structures to include the “Consolidated Public Service Salary Structure, Consolidated Research and Allied Institutions Salary Structure Consolidated Police Salary Structure, Consolidated Para-military Salary Structure, Consolidated Intelligence Community Salary Structure, and Consolidated Armed Forces Salary Structure.”

Recall that those in the tertiary education and health sectors had already received their increases, which involved Consolidated University Academic Salary Structure, and Consolidated Tertiary Institutions Salary Structure for Universities.

For polytechnics and colleges of education, it involved the Consolidated Polytechnics and Colleges of Education Academic Staff Salary Structure, and Consolidated Tertiary Educational Institutions Salary Structures.

Njoku said the latest increases take effect from January 1, 2024.

“In line with the provisions of Section 173(3) of the 1999 Constitution of the Federal Republic of Nigeria (as amended), the Federal Government has also approved increases in pension of between 20 per cent and 28 per cent for pensioners on the Defined Benefits Scheme in respect of the above-mentioned six consolidated salary structures with effect from January 1, 2024,” the NSIWC stated.

Prior to 2024, Nigerian civil servants had been advocating for a salary raise. Negotiations included talks of a 40 per cent increase, but an agreement was reached for a range of increases between 25 per cent and 35 per cent to be implemented in January 2024. This increase applies to federal civil servants under various consolidated salary structures.

Also, Nigerian labour unions have been pushing for a significant increase in the minimum wage of workers across the country.

The Nigeria Labour Congress had initially proposed N615,000 per month, while the Trade Union Congress suggested figures ranging from N447,000 to N850,000 depending on the region.

The unions argue the current minimum wage (which expired in April 2024 is insufficient due to rising inflation and the high cost of living.

Talks are ongoing, and the unions have revised their demands downwards. NLC now seeks around N500,000 while considering proposals from their state chapters.

Negotiations are influenced by recent events like the electricity tariff hike, making unions argue for a higher raise. A final decision is expected by May 1, 2024 (May Day).

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

54 minutes ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

3 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.