The organized labour, yesterday, gave the Federal Government, May 31, the deadline to conclude the minimum wage negotiation or face a nationwide industrial action. This came as President Bola Tinubu, promised that his administration was working on a new minimum and living wage to improve the welfare of workers in the country. The organized labour during the May Day celebration […]
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The Federal Government yesterday approved an increase of between 25% and 35% in salary for civil servants on the remaining six Consolidated Salary Structures. It also approved pay rise for its pensioners under the Defined Benefits Scheme, DBS. This came on a day labour leaders said the last year had been tough and agonising for workers and the masses. The […]
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The Federal Government has declared Wednesday, May 1, 2024, as a public holiday in commemoration of Workers’ Day. This was announced in a press statement signed by the Permanent Secretary, Ministry of Interior, Aishetu Ndayako, on Tuesday. According to the statement, the Minister of Interior, Olubunmi Tunji-Ojo, conveyed the declaration, emphasising the importance of excellence, efficiency, and fairness in labour. […]
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Edo State Governor, Mr. Godwin Obaseki, has increased the minimum wage for workers in the State from N40,000 to 70,000. The governor made the announcement, Monday at the commissioning of the newly built ultra- modern Labour House (secretariat complex) for labour unions in Benin City Edo State. According to him, the new minimum wage regime will come into effect as […]
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From Lagos to Enugu and Kano to Port Harcourt, there seems to be a breather, at last, for cash-strapped Nigerians, as part of the hitherto withheld banknotes made their way to Automated Teller Machines (ATMs) and banking halls for those who need cash for transactions The gradual easing could force the Nigeria Labour Congress (NLC), which had planned an industrial […]
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Stakeholders in the financial sector and banks are divided over re-issuance of the old naira notes following the Supreme Court judgement extending their legal tender status till December 31st 2023. While banks said they cant commence re-issuance of the old notes until they are directed to do so by the CBN, stakeholders including bank customers, financial analysts and business owners […]
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The protests against the scarcity of new naira notes by Nigerians have continued to spread to many parts of the country. On Friday, protests broke out in Lagos, Rivers, Ogun, Ondo, and Oyo states. Pictures and videos seen by TheCable and reports on social media showed bonfires, road blockages where motorists were in gridlocks, and stranded commuters. In Lagos, residents […]
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A week to the 2023 general elections, all is now clear that the ruling All Progressives Congress, APC, is going to the polls as a divided house. President Muhammadu Buhari, who is the leader of the party, is at the centre of attacks by his one time loyal and close friends. Governors on the party’s platform are on the offensive […]
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Dr Adetokunbo Pearse, a member of the PDP Presidential Campaign Committee (PCC), has lauded President Muhammadu Buhari’s decision on the naira redesign policy of the Central Bank of Nigeria. Pearse gave the commendation in a statement made available to newsmen on Friday in Lagos where he urged Nigerians to remain calm and show understanding of the policy. According to him, […]
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The Central Bank of Nigeria, CBN, has ordered commercial banks to start collecting the old N500 and N1,000 notes from the public immediately. It stated that the maximum amount customers can swap will be N500,000. The Director of Corporate Communications, Osita Nwanisobi, exclusively disclosed this to reporters in an interview on Friday. He said: “The Central Bank has directed all […]
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