Browse Category

News - Page 477

Minimum Wage Decision Expected as Nigerian Labour Leaders Await President's Response ABUJA, NIGERIA – The discussions on the new minimum wage between the Federal Government and Organized Labour are anticipated to conclude today, with labour leaders keenly awaiting President Bola Tinubu's verdict on their N250,000 proposal. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had set a Monday deadline for finalizing the new minimum wage talks. Last Friday, the Tripartite Committee on National Minimum Wage concluded its meetings where the Federal Government and the Organized Private Sector agreed on N62,000, while Labour demanded N250,000. However, the Nigeria Governors Forum declared that any minimum wage exceeding N60,000 would be unsustainable. A labour leader who spoke anonymously on Sunday stated, "We have submitted the report to the president and are waiting for him to make his decision. That is the most important thing and that is what we are all waiting for." The labour leaders, including NLC President Joe Ajaero, are currently attending a labour conference organized by the International Labour Organisation in Geneva, Switzerland. The leadership plans to hold a National Executive Council meeting upon their return, where a decision on a potential strike will be made based on the president's feedback. "We must come back from Geneva first before we can hold a NEC meeting. We are also trying to be careful so the government won't say Labour is inciting citizens against it. We are waiting for the president's decision," added another top NLC official. The labour unions, comprising the NLC and TUC, recently embarked on a two-day nationwide strike to demand a new minimum wage and the reversal of the electricity tariff hike. The strike was suspended for five days after a commitment was made with the Federal Government to resume negotiations and establish a new minimum wage within a week. Following a six-hour meeting between labour leaders and the National Assembly in Abuja, President Tinubu directed the finance minister, Wale Edun, to present the cost implications of a new minimum wage within two days. The finance minister, alongside the Minister of Budget and National Planning, Atiku Bagudu, presented the cost implications at the Presidential Villa on Thursday. The president is currently reviewing the proposal and is expected to make an official announcement soon. When asked about the Monday ultimatum, a source within the NLC said, "We have sent a report to the committee and are expecting the president to act on it. We will hold a National Executive Council meeting regarding the ultimatum when we return from Geneva. It is very important for us to be there, but right now, we are patiently waiting for the decision of Mr President." Organized Labour's recent actions underscore the urgency and importance of establishing a new minimum wage for Nigerian workers. The outcome of President Tinubu's decision will be crucial in determining the next steps for both the government and the labour unions. Related News: Atiku claims to have saved Tinubu's political career Debating the appropriate wage for workers Labour criticizes governors for minimum wage stance The labour leaders and the nation await the president's decision, which will significantly impact the economic and social landscape of Nigeria.

Nigeria Labour Congress Gives Government Two Weeks to Cut Petrol Prices, Resume Wage Talks

October 9, 2026

The Nigeria Labour Congress (NLC) has given the federal government two weeks to reduce petrol prices, begin negotiations for a new national minimum wage and implement outstanding agreements with workers, warning that

Africa·News·Oil & Gas·Top Stories

Cape Town to Host African Energy Week 2026 from October 12

October 9, 2026

More than 10,000 delegates are expected in Cape Town from October 12 to 16 for African Energy Week (AEW) 2026, where African governments, energy companies and international investors will discuss financing, partnerships

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business News·News·Oil & Gas·World News

Global Oil Prices Rise By $74.80/barrel As Investors Eye China, U.S. Policies

Global oil prices showed a minor increase on the first trading day of 2025, reflecting cautious optimism among investors. Brent crude futures rose by 17 cents, reaching $74.80 per barrel by 0547 GMT. Similarly, U.S. West Texas Intermediate (WTI) crude climbed 19

January 2, 2025

News·Technology·World News

US Stocks Rises More Than 20% For Second Year As AI Drives Big Tech Gains

US stocks closed 2024 with remarkable gains, with the S&P 500 rising 23.3%—marking its best two-year performance in over 20 years. The rally was largely driven by investor enthusiasm for artificial intelligence, which boosted major technology stocks. Despite some setbacks in December,

January 2, 2025

Naira Falls Against Dollar Across FX Markets

Business News·Markets·News

Naira Opens New Year With Stable Performance Across FX Markets

The naira started 2025 with a stable performance in the Nigerian Foreign Exchange Market (NFEM). Data from the Central Bank of Nigeria (CBN) revealed that the currency opened at N1,538.50 to the dollar on Thursday, marking only a slight adjustment from the

January 2, 2025

News

UK Visa 2025: All You Need To Know

If the UK is on the list of countries you’d like to visit this year, then we’re here to make your planning process easier. Travelling to the UK begins with applying for a visa, or even without one. Did that surprise you?

January 2, 2025

Anambra Guber 2025: I’m Confident Of Winning April 5 APC Primaries – Chukwuma

News

APC Guber Aspirant, Chukwuma, Urges Anambra People To Vote For Better Leadership In 2025 Poll

Frontline APC aspirant for the 2025 governorship election in Anambra State, Sir Paul Chukwuma, has called on citizens of the state to make a good decision about better leadership during the polls later this year. Sir Chukwuma decried what he described as

January 2, 2025

Debt Servicing In Nigeria 2025 Budget: What Is Debt Servicing, Why Does It Matter?

Business News·FEATURES·News

2025 Budget: Why Debt Servicing Matters

Debt servicing has become a major financial burden for Nigeria, taking precedence over other critical sectors like education, health, and infrastructure. The proposed 2025 budget, tagged the “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” allocates N15.81 trillion to debt servicing. This allocation

January 2, 2025

News·Top Stories·World News

Facts About Matthew Whitaker, Trump’s Pick For America’s Ambassador To NATO

Donald Trump has chosen Matthew Whitaker, a former acting attorney general, to serve as the United States ambassador to NATO. Whitaker’s appointment has raised questions due to his lack of experience in foreign policy and national security, a departure from the traditional

January 2, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business News·Markets·News

Nigeria’s Equity Market 2024 Top 10 Performing Stocks

The Nigerian All-Share Index (ASI) grew by 37.65% in 2024, continuing a five-year bullish streak. Starting the year at 74,773.98 points, the ASI peaked at 104,562 points in March before experiencing mid-year volatility due to regulatory pressures. Despite a temporary decline, the

January 2, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business News·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, January 2nd, 2025

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as black market, especially the Aboki Fx as

January 2, 2025

How Saudi Arabia Executed 338 People For Drug Trafficking, Others In 2024 – Report

News·Top Stories·World News

How Saudi Arabia Executed 338 People For Drug Trafficking – Report

Saudi Arabia executed 338 individuals in 2024, marking a record-breaking year for capital punishment in the kingdom. This includes six Iranians convicted of drug trafficking, as reported by the Saudi interior ministry and confirmed by the AFP tally. The executions reflect the

January 1, 2025

Previous 1 … 475 476 477 478 479 … 1,861 Next

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

News - Page 477

Nigeria Labour Congress Gives Government Two Weeks to Cut Petrol Prices, Resume Wage Talks

Cape Town to Host African Energy Week 2026 from October 12

Global Oil Prices Rise By $74.80/barrel As Investors Eye China, U.S. Policies

US Stocks Rises More Than 20% For Second Year As AI Drives Big Tech Gains

Naira Opens New Year With Stable Performance Across FX Markets

UK Visa 2025: All You Need To Know

APC Guber Aspirant, Chukwuma, Urges Anambra People To Vote For Better Leadership In 2025 Poll

2025 Budget: Why Debt Servicing Matters

Facts About Matthew Whitaker, Trump’s Pick For America’s Ambassador To NATO

Nigeria’s Equity Market 2024 Top 10 Performing Stocks

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, January 2nd, 2025

How Saudi Arabia Executed 338 People For Drug Trafficking – Report

Featured Stories

U.S. Consulate Hits Roof Milestone at $537m Eko Atlantic Complex, Injects $95m into Nigerian Economy

37 Dead: The Cost of Lithium

Lithium: New Oil, Same Curse?

Wealth Without Access is Stranded Wealth – Opiva Capital Chairman

Whatsapp Channel

Latest News

Nigeria Labour Congress Gives Government Two Weeks to Cut Petrol Prices, Resume Wage Talks

Cape Town to Host African Energy Week 2026 from October 12

Burkina Faso Proposes 4.84 Trillion CFA Franc Budget, Plans Health and Infrastructure Investments

Nigeria’s Fuel Relief Plan Faces Fiscal, Regulatory Tests

Iran Conflict Pushes South African Fuel Prices Sharply Higher

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Nigeria Labour Congress Gives Government Two Weeks to Cut Petrol Prices, Resume Wage Talks

Suggestions

News - Page 477

Featured Stories

Follow Us

Whatsapp Channel

Latest News