Monthly Archives: June 2024

A Bill for an Act to substitute the 1999 with a fiscal Federal Constitution tabled in the National Assembly

  “Highlight of the bill as seen by Pegasus Reporters on Sunday indicate that the promoters are also seeking the scrapping of the presidential system of government, reintroduction of the parliamentary system, return to unicameral legislature, as well as provision for self-determination by any section of the country which desires so.” PEGASUS REPORTERS, LAGOS | JUNE 4, 2024 The private ...

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Breaking News: Nationwide Strike: Labour blinks and suspends strike for 5 days

  “It will be recall that the labour movement in a meeting with the Secretary to the Government of the Federation, SGF, George Akume, and other government officials on Monday reached a resolution in which it was announced that President Bola Ahmed Tinubu was committed to a new minimum wage higher than N60,000.” PEGASUS REPORTERS, LAGOS | JUNE 4, 2024 ...

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Nationwide strike escalates as ASSU shut down varsities; TCN throws Nigeria into darkness…

  “The statement read, “The NLC has declared an indefinite strike action beginning from Monday, 3rd June 2024, as a result of the failure of Government to conclude the renegotiation of minimum wage for Nigerian workers and reversal of hike in electricity tariff. Our branches are hereby enjoined to join in the strike action as an affiliate member of Congress.” ...

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Automobile Construction: Generational shifts in Automobile fueling 

  “As you are aware, the US government is defending Tesla right now by desperately assailing the Chinese BYD with duties. But wait until BYD unleashes its sodium ion cars. Tesla will fade away because it is one recalcitrant EV company that is failing to adapt. It is becoming a prestige company and prestige businesses become antique enterprises” PEGASUS REPORTERS, ...

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Financial News: CBN revokes operating license of Heritage Bank

  “The central bank pointed out that the Board and Management of the bank had not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability. This followed a period during which the CBN engaged with the bank and prescribed various supervisory steps intended to stem the decline” PEGASUS REPORTERS, LAGOS | JUNE ...

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#LGAutonomyNow: Appeal to the Secretary to the Government of the Federation (SGF)

  “Your Excellency Sir, kindly remind your colleagues that the essence of adding Local Government to tiers of Government, is to provide an organized system where councils exercise their power and responsibilities to work together for peace, order and good governance of their municipal districts.” PEGASUS REPORTERS, LAGOS | JUNE 3, 2024 Dear NGF Chairman, Your achievements and leadership style ...

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