Category: Breaking News
Minimum Wage: FG offers N62K, labour requests N250K
09 Jun 2024
The Federal Government has increased its offer for a new national minimum wage to ₦62,000, while organized labour has reduced its demand from ₦494,000 to ₦250,000. This development follows the submission of the cost implications of the new minimum wage by the Minister of Finance, Wale Edun, to President Bola Tinubu. A source confirmed this […]
Continue ReadingMinimum wage: Don’t plunge nation into monumental crisis, Labour tells govs
08 Jun 2024
Organised Labour has rejected claims by state governors under the aegis of the Nigeria Governors’ Forum, NGF, that they cannot afford N60,000 minimum wage, urging the governors not to plunge the country into a monumental crisis. Speaking on behalf of Labour, the Nigeria Labour Congress, NLC, accused the governors of lying with their resources, contending […]
Continue ReadingPresidency denies N105,000 pay as Labour awaits Tinubu’s offer
07 Jun 2024
The Presidency on Thursday denied reports that the Federal Government was proposing N105,000 as the new minimum wage. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the report as false. The report followed the presentation of the cost implications of implementing a new national minimum wage to President Bola Tinubu […]
Continue ReadingKaduna Assembly recommends el-Rufai’s prosecution for abuse of office, money laundering
05 Jun 2024
Kaduna State House of Assembly has recommended that the immediate-past governor of the state, Nasir el-Rufai, be prosecuted for alleged abuse of office and money laundering in his administration. This was following the investigation of the ad-hoc committee set up by the House, led by Henry Zacharia. According to the report submitted by Zacharia on […]
Continue ReadingStrike continues pending Tuesday review meeting -NLC
04 Jun 2024
The Nigeria Labour Congress has has disclosed that the ongoing nationwide strike will continue despite the agreement signed with the Federal Government at Monday’s meeting. The congress, in a post on X, on Tuesday said the industrial action which has grounded the nation’s economy will continue until Tuesday’s meeting of organs of the union where […]
Continue ReadingFG offers to pay more than N60,000 as minimum wage 3rd June 2024
03 Jun 2024
The Federal Government has agreed to pay more than the N60,000 it initially proposed as new minimum wage. The decision was taken at a meeting the government had with labour leaders on Monday night in Abuja to address the dispute over the national minimum wage in response to the nationwide strike declared by the organised […]
Continue ReadingTeachers’ strike could force suspension of WASSCE
03 Jun 2024
The Nigeria Union of Teachers has said it is participating fully in the Nigeria Labour Congress strike and as such, the ongoing West African Secondary School Certificate Examination should be suspended. However, Head of the Nigeria National Office West African Examinations Council, Dr Amos Dangut, in an interview appealed for an exemption from the strike […]
Continue ReadingCBN revokes License of Heritage Bank
03 Jun 2024
The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday. According […]
Continue ReadingBlackout as TCN shut down Power grid
03 Jun 2024
The Transmission Company of Nigeria has announced the complete shutdown of Nigeria’s power grid by labour unions as the strike by the Nigeria Labour Congress and Trade Union Congress begins. NLC and TUC commenced a nationwide industrial action on Monday in protest against the N60,000 minimum wage proposal of the Federal Government. Announcing the shutdown […]
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