Minimum wage: Labour pegs demand at N500,000

The Nigeria Labour Congress and Trade Union Congress of Nigeria at the resumption of the tripartite committee meeting today in Abuja, reduced their earlier demand of of a new minimum wage from N615,000 to N500,000. Nigerian Tribune gathered from a source who attended the meeting. Recall that the high-level meeting was stalled on Tuesday, following the […]

Medical tourism spending falls by $5.24m – CBN

Nigerians spent about $3.82m on foreign healthcare-related services from January to December 2023, findings by The PUNCH have shown. Compared to $9.06m  spent on medical tourism in 2022, there was a reduction of $5.24m in 2023. This is according to a report obtained from the Central Bank of Nigeria on the amount spent on health-related […]

Nigeria ranks second least indebted African country

Despite being commonly perceived as heavily indebted, Nigeria has been ranked as the second least indebted African country by the International Monetary Fund (IMF). This ranking emphasizes the significance of metrics such as the debt-to-GDP ratio in assessing a nation’s financial health. Lower ratios indicate stability, while higher ratios raise concerns about debt sustainability. Tanzania’s […]

Labour’s wage demand to cost FG over N11trn yearly

The federal government’s wage bill will almost double at the very least if the organised labour doubles down on an unrealistic push for a 20-fold increase in the minimum wage. With the proposed minimum wage of N615,000, the government’s personnel costs for 1.5 million workers will rise from about N7 trillion which it currently stands […]

Minimum wage: Labour, FG meeting ends in deadlock

The tripartite minimum wage negotiation meeting involving Organised Labour, the federal and state governments, and the Organized Private Sector, OPS, yesterday ended in deadlock, following Labour’s dismissal of the government’s N54,000 offer as expected. Labour leaders also lamented the absence of state governors in the meeting to present their offers, as their representatives said they had no […]

Minimum wage: May 31 deadline for strike sacrosanct if… — Labour

Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC), after a joint National Executive Council (NEC) meeting in Abuja on Monday evening, reiterate the readiness of workers to carry out a wide range of industrial action if the federal government fail to conclude new minimum wage negotiations and provide a living for the country’s workmen […]

Lagos to activate feeding programme in public schools

The Lagos State Government has assured the public an activation of feeding programme in public primary and secondary schools. This was revealed by the Special Adviser to the Governor on Political, Legislative and Civic Engagement, Afolabi Abiodun at a ministerial press briefing on Monday at the Bagauda Kaltho Press Centre, Alausa, Ikeja. “Mr Governor has […]

PoS: Anger, frustration over high cost of cash withdrawals

ASABA — Nigerians have voiced anger over outrageous charges Point of Sale, PoS, operators take to withdraw money from their bank accounts. Citizens who spoke to Vanguard weekend expressed concern that PoS operators are gradually taking over the Automatic Teller Machine, ATM, services from banks across the country. Many resorted to PoS operators when they found after […]

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