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Breaking: Tinubu signs 70,000 new minimum wage bill into law
By Francesca Hangeior.
President Bola Ahmed Tinubu, has signed the new minimum wage bill into law.
Tinubu who presided over the Federal Executive Council, FEC, meeting, at the Council Chamber in the State House, Abuja signed the N70,000 the new minimum wage into law.
Recall that the Federal government and Organized Labour yesterday settled for N70,000 as the new minimum wage.
The tripartite committee had submitted two figures in its report to the President as a result of disagreement among the government, the private sector and organized labour.
While the government and the private sector offered N62,000, organized labour demanded N250,000.
Speaking to State House correspondents after the meeting with the President, the Minister of Information and National Orientation, Mohammed Idris, said President Tinubu agreed to pay N70,000 from the initial offer of N62,000.
“We’re happy to announce that both the Federal Government and Organized Labour have agreed on an increase on the N62,000. The new national minimum wage that we expect to submit to the National Assembly for legislation is N70,000.
“But that is not all. There is also a boost, Mr. President has assured to ensuring that massive investment is going to be made in the area of infrastructure. There is also a deepening of the investment of the Federal Government in renewable energy.
“More money is going to go into the acquisition of more buses, the CNG buses, Nigeria is going to be more CNG-compliant, according to the President.
“We’re moving in this transition to renewable and all other things Mr President has assured Labour, the issue of ASUU (Academic Staff Union of Universities), SSANU (Senior Staff Association of Nigerian Universities) and NASU (Non-Academic Staff Union of Educational and Associated Institutions) is also going to be looked at.
“We are happy, we are very thankful for the role organized labour has played. They recognized the Federal Government’s role in ensuring that we have local government autonomy, and also ensuring that both Labour and government are on the same page.
“They have seen the magnanimity of the President and today, the leadership of Labour said they didn’t come here for negotiation, not at all, they came here in that deep sense of patriotism to ensure that Nigeria remains united, Nigeria becomes more prosperous and it is in that spirit that they agree with what the Federal Government has done today.
“We want to thank Labour for their patriotism. We also want to thank Mr President, the Federal Government, the sub-nationals and Organized Private Sector for going through this painstaking effort but also ensuring that at the end of the day, Nigeria is the winner for it all.”
News
Expulsion: Bala, Abejide vow to battle Mark-led ADC faction to finish
The leadership crisis rocking the African Democratic Congress (ADC) deepened on Friday as the faction led by the party’s National Chairman, Nafiu Bala Gombe, and House of Representatives member, Leke Abejide, has rejected their reported expulsion, describing it as illegal and the product of a “hijacked structure.”
The duo also dismissed claims that they were being sponsored by President Bola Tinubu, insisting that allegations of external sponsorship were mere propaganda aimed at discrediting their stance.
Addressing journalists in Abuja, Bala maintained that those who announced their expulsion lacked the legal standing to do so, arguing that they were not recognised members of the party.
“Our suspension is nullity. These individuals are not even members of our party, so they lack the locus to take such decisions. We will fight it to the last point,” he said.
He further ruled out any form of negotiation with the rival bloc, stating that there was no agreement between his leadership and the coalition-backed faction.
“I cannot negotiate with people who are not members of our party. There is no understanding or arrangement with them whatsoever,” Bala added.
The crisis follows a convention held in Abuja on April 14 by a faction aligned to former Senate President, David Mark, where the expulsion of Bala, Abejide and others over alleged anti-party activities was announced.
But the Bala-led leadership has dismissed the exercise as unlawful, insisting it violates subsisting court orders and lacks the recognition of the Independent National Electoral Commission (INEC).
He warned that actions taken in defiance of a Court of Appeal judgment delivered on March 12, 2026, were liable to be voided by the courts.
According to him, the matter has gone beyond internal party disagreement, alleging that forged documents bearing his signature had surfaced as part of efforts to legitimise the actions of the rival group.
On his part, Abejide described the purported expulsion as laughable, accusing the opposing faction of attempting to destabilise the party.
“These are people who came to destroy this party. They have no stake here and cannot dictate the future of ADC,” he said.
The lawmaker, who represents Yagba Federal Constituency of Kogi State, warned that the lingering crisis could jeopardise the party’s electoral prospects if not urgently resolved.
“I am not a political merchant running from one party to another party. I have been in ADC since 2017 and never changed party but many of the coalition’s leaders have moved from PDP to ACN to APC back to PDP to APGA to Labour Party to NNPP to ADC, and so on. Our insistence in resisting them is because of their habitual character of political use and dump.
“My so-called suspension and that of Nafiu Bala Gombe is in contempt of the orders of both the Court of Appeal and Federal High Court and as such I have briefed my Lawyers on possible litigation against their purported suspension for record purpose, which is a visitation of hostility on me while my case is in court. The principles of law forbid this; in our jurisprudence it is called Lis pendis.”
Abejide cautioned that his camp would not hesitate to walk away if the party was pushed to the brink.
“At the stage we are now, if this is not resolved quickly, anyone contesting on this platform risks their political career,” he added.
He also questioned the credibility of the coalition figures, alleging that many of them had a history of moving across multiple political parties.
Abejide warned that the ongoing crisis could prevent the ADC from fielding candidates in future elections, blaming the rival faction for any such outcome.
“If at the end of these shenanigans ADC cannot field candidates, then the coalition people should be blamed for the failure,” he added. (The Guardian)
News
Just in: Bandits reportedly kidnap newly installed monarch, wife, one other in Kwara
Suspected bandits have reportedly attacked the palace of a traditional ruler in Olayinka community, Ifelodun Local Government Area of Kwara State, abducting the monarch, his wife, and one other person in the early hours of Saturday.
According to sources who spoke to newsmen, the armed men stormed the palace around 1:40 a.m., firing sporadically before taking the royal father to an unknown destination.
Yes. At Olayinka at about 1 am. His wife and one other person were also abducted.
The Monarch is one of the recently graded.”
Another source added, “The bandits invaded the palace around 1:40 a.m. on Saturday. They came heavily armed and took the monarch away without resistance because everyone was terrified.”
The abducted monarch was said to have been recently elevated and officially installed by the Kwara State Government earlier this year, a development that has made the incident particularly shocking to residents.
The attack is the third reported case of a traditional ruler being kidnapped in Kwara South within a year. In 2025, two monarchs in the region were abducted by suspected bandits and were only released after ransom payments were made.
News
Fuel, diesel prices will drop in Nigeria as crude oil slumps
Domestic prices of petrol and diesel are expected to decline following a sharp drop in global crude oil prices triggered by the reopening of the Strait of Hormuz.
As of Saturday morning, West Texas Intermediate (WTI) and Brent crude fell by 11 percent and 9 percent to $83.85 and $90.38 per barrel, respectively, down from about $100 per barrel.
The decline comes after Iran announced that the Strait of Hormuz has been fully reopened for vessel passage.
The development has begun to reflect in Nigeria’s downstream petroleum market, where depot marketers have slightly reduced fuel prices.
Petrol prices at depots now range between N1,205 and N1,206 per litre— about N5 to N6 higher than the Dangote Refinery price of N1,200 per litre.
This pricing trend was observed among marketers such as Aiteo, Bono, and NIPCO.
Meanwhile, diesel prices at depots in Lagos, including Menj and Duport, stood at N1,775 per liter.
Market observers say the drop in crude oil prices has triggered panic selling among depot marketers.
Despite this, retail pump prices have remained unchanged as of filing this report, with petrol selling between N1,290 and N1,333 per litre, while diesel ranges from N1,850 to N1,900 per litre.
The President of the Independent Petroleum Marketers Association, Abubakar Maigandi, confirmed the development, noting that further reductions are likely if the downward trend in crude prices persists.
“We expect fuel prices to drop in the coming days if crude oil prices continue to decline.
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