Labour leaders must reconsider wage demand to avoid layoffs — Rewane

… Says institutional reforms should precede price reforms… Naira will continue to depreciate without export The Managing Director of Financial Derivatives Company, FDC, Mr. Bismarck Rewane, has urged the Nigerian Labour Congress, NLC, to reconsider its stance on benchmarking the minimum wage demand on dollar exchange rate, saying that it would result in massive job […]

Minimum wage: Strike continues pending Tuesday review meeting -NLC

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 […]

Petrol: Landing cost rises 46.8 per cent to N1,026.71 — Investigation

There are indications that the landing cost of Premium Motor Spirit, PMS, otherwise known as petrol rose year-on-year, YoY, by 46.8 per cent to N1,026.71 per litre in May 2024, from N545.83 per litre, recorded in the corresponding period of 2023. The landing cost excludes other additional costs which include deport-related charges, transportation logistics and marketers’ […]

Shelve your strike, police urge labour

The Nigeria Police Force has urged the organised labour to shelve the planned strike and return to the negotiation meetings with the Federal Government. It said through negotiations, both parties would resolve the issue amicably as the industrial action might bring untold hardship to Nigerians. The police, in a statement by the Force Public Relations […]

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