The Bureau of Public Enterprises (BPE) has expressed its readiness to collaborate with the Nigeria Labour Congress (NLC) in its current reforms and privatisation programme of the Federal Government. The Acting Director-General of the Bureau, Mr. Ignatius Ayewoh, made this remark when he recently paid a courtesy visit to the President of the labour union, […]
The Federal Government of Nigeria has organised six zonal public hearings across the country for the review of the National Minimum Wage. The hearings are scheduled to hold in the North-East (Yola), North-West (Kano), North-Central (Abuja), South-South (Uyo), South-East (Enugu), and South-West (Lagos). The South-West Zonal Public Hearing, which will be chaired by the Minister […]
Despite assurances by the President Bola Tinubu-led administration of its commitment to increase workers’ salaries and improve their socioeconomic wellbeing, the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC), on Tuesday insisted that the planned indefinite strike scheduled to kick off from 3 October would be kicked off nationwide. The leadership of the two […]
The Pension Transitional Arrangement Directorate (PTAD) at the weekend stated that it had paid N846,146,987.71 to 2,730 pensioners of the Civil Service Pension Department as accrued arrears and gratuity owed them over the past years. The agency made this disclosure in a statement signed by its Head, Corporate Communications Department, Mr. Olugbenga Ajayi, on Friday. […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s investment research and consulting firms, have predicted that the bullish momentum that characterized trading sessions in the nation’s equities market over the past week may be reversed this week as the planned industrial action workers and other factors may impact negatively on the market’s performance. In […]
As the domestic and foreign policies of the Federal government will characterize investment activities this week, investment researchers at Bancorp Securities Limited, a leading investment research and consulting services firm in Nigeria, has projected a bearish momentum in the nation’s equities market. The analysts, who made this projection in the firm’s ‘Weekly Stock Recommendations: July […]
Amid raging controversies and consumers’ anger over the timing of the fuel subsidy removal by the government and resurfacing of queues in filling stations nationwide, the Nigerian National Petroleum Company Limited (NNPCL), the biggest player in the petroleum industry’s downstream sub-sector, on Wednesday announced the official adjustments of its pump price for Premium Motor Spirit […]
Nigeria’s power generation fell marginally on Sunday by 0.3% to 87.8kMWh from 88.1kMWh recorded in the previous day, This followed a significant downturn recorded on Friday last week as electricity generation crashed to a one-month low. According to the Transmission Company of Nigeria (TCN), energy supply declined by 0.25% to 86.5kMWh on Sunday from 86.7kMWh […]
The Nigeria Labour Congress (NLC) has rejected a statement credited to the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on plans by the Federal Government to cut salaries of public servants, warning that that such a statement could further worsen the nation’s current socio-economic crisis. The President of the NLC, Mallam Ayuba […]
The organised labour group today made good its threat to picket the National Assembly in protest against alleged moves by the Legislature to amend the Minimum Wage section in the 1999 Constitution (as amended). The Legislature is accused by the labour group as considering the option of removing the Minimum Wage section from the Exclusive […]