Nigeria Labour Congress and Trade Union Congress, on Tuesday, said they agreed to suspend their nationwide strike to allow the Federal Government commit to a concrete and acceptable national minimum wage. Both the NLC and the TUC took the decision at the end of an emergency National Executive Council meeting on Tuesday. Earlier on Tuesday, Federal Government team agreed to raise the N60, 000 minimum wage offer after a meeting with Labour. In a communique jointly signed by Presidents of NLC, Comrade Joe Ajaero and Comrade Festus Osifo, labour said it suspended the nationwide strike in order to give room…
Author: Daily News Hub
A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu says Nigeria’s level of productivity cannot support the N400,000 minimum wage the Nigeria Labour Congress and the Trade Union Congress are demanding. Moghalu stated this on his official X handle on Tuesday. On Monday, organised Labour had embarked on a strike over a new minimum wage and the recent hike in electricity tariffs for Band A customers. NLC and the TUC have repeatedly proposed N615,500 and N494,000 as the new national minimum wage, citing inflation and the prevailing economic hardship in the country. Moghalu noted that although the…
… says Wike has proved his critics wrong President Bola Tinubu has approved the naming of the full-scope Arterial road N20 from Northern Parkway to the Outer Northern Expressway (otherwise called the Murtala Mohammed Expressway), as the Wole Soyinka Way. The president stated this during his address at the inauguration of the road in Abuja on Tuesday, June 4, where he described the 89-year-old playwright as a foremost playwright who has brought international acclaim, to Nigeria, while appreciating the FCT Minister, Nyesom Wike, for the recommendation. “Let me say here that your momentous recommendation to name this road Wole Soyinka…
Former President Goodluck Jonathan says many politicians will not approach the court if the judiciary had been fair and upright in resolving election disputes. Jonathan spoke on Tuesday in Asaba, Delta State during the inauguration of the state’s new High Court Complex. He noted, “My thinking is that 50 per cent of those who go to court go to court because they felt they were cheated by the electoral management system; they were rigged out. “When you feel naturally aggrieved, you have to go to court. So assuming the elections are properly conducted, they know they failed the election, but…
The Saudi authorities have announced a SR10,000 (N3,991, 170) fine for first offender pilgrims caught without having NUSUK cards during the rituals of 2024 Hajj exercise. NUSUK is an identification card introduced by Saudi Arabia’s Ministry of Hajj and Umrah to facilitate easy movement of all pilgrims at the holy sites. According to a statement by the country’s Ministry of Religious Affairs, any pilgrim that repeats the offence will pay a hefty fine of up to SR100,000 (N39,819m). “Previously, Saudi authorities announced a fine of SR10,000 for anyone, including Saudi citizens, expatriates, and visitors, who entered Makkah without a Hajj…
President Bola Tinubu, on Tuesday, directed the Minister of Finance, Wale Edun, to present the cost implications of the new minimum wage within two days. Minister of Information and National Orientation, Mohammed Idris, disclosed this while briefing State House Correspondents after a meeting the negotiation team earlier had with President Tinubu at Aso Rock. Idris said the President directed Edun to compute the numbers and present the new minimum wage figures within two days. He added that the presentation would form the basis of negotiation. The Minister added, “All parties to the negotiation of the new minimum wage would work…
The National Union of Electricity Employees said the national grid has been restored after the Nigerian Labour Congress and the Trade Union Congress suspended their strike. NUEE National President, Adebiyi Adeyeye, confirmed this to PUNCH Online in an interview on Tuesday. “The strike has been suspended, which means the grid has come back to normal. It is on already,” Adeyeye told our correspondent over the phone. The PUNCH reported earlier that organised labour on Monday began a nationwide strike over the Federal Government’s refusal to raise the proposed minimum wage from N60,000 and reverse the Band A tariff to N65…
Flight operations, on Tuesday, resumed at the Murtala Muhammad Airport domestic terminals in Lagos. This is coming on the heels of the suspension of the strike jointly declared by the Nigeria Labour Congress and the Trade Union Congress. Recall that NLC and the TUC had earlier on Tuesday suspended the indefinite strike which commenced on Monday. With the aviation unions’ decision to join the strike, flight operations across the country were grounded. But the airlines have begun to resume operations after losing a whole day of parking their aircraft. At the MMA2, as of 11:00 am, passengers had besieged the…
Members of the Tripartite Committee on the New National Minimum Wage, on Tuesday, met with President Bola Tinubu at the Presidential Villa, Abuja. The meeting followed the suspension of the nationwide strike for five days by the Nigeria Labour Congress and the Trade Union Congress. It was learnt that the team visited the Villa to confer with President Tinubu on the next line of action following the promise made to Labour on behalf of the Federal Government to pay above N60,000 as minimum wage. The team was also expected to brief Tinubu on the ongoing negotiation and secure his approval…
Central Bank of Nigeria, on Tuesday, denied any plan to revoke the licences of Unity, Polaris, and Keystone banks. Online media reports (not Daily Newshub) had claimed that the apex bank would terminate the licences of the three banks, following the revocation of Heritage Bank’s licence. But the apex bank in a post on its social media pages on Tuesday, said the content of the report was not authentic. “The content is fake and not from the CBN,” the post reads. Recall that on June 4, CBN revoked the banking licence of Heritage Bank. The apex bank said the decision…