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NEWS

Minimum wage: Labour kicks as FEC steps down memo, demands consultation

Failure to discuss memo giving room for speculation, NLC tells govt The Organised Labour on Tuesday kicked against the Federal Executive Council’s decision to step down the memorandum on the report of the Tripartite Committee on New National Minimum Wage. The Head of Public Relations of the Nigeria Labour Congress, Benson Upah, who criticised the failure of FEC to consider the memo during Tuesday’s FEC meeting, said stepping down the […]

todayJune 26, 2024 5

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NEWS

Minimum wage: FG warns of mass sacking as Labour disowns agreement

The Federal Government on Wednesday admonished organised Labour to consider the broader economic implications of its push for an unrealistic higher national minimum wage. The Minister of Information and National Orientation, Mohammed Idris, who handed down the admonition, hinted that the N250,000 minimum wage demanded by labour could undermine the economy, lead to mass retrenchment of workers and jeopardise the welfare of Nigerians. However, the labour unions refuted President Bola […]

todayJune 13, 2024 4

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NEWS

Strike’ll add to hardship, N494,000 minimum wage unrealistic, says LP

The Labour Party in Nigeria has called on the workers’ unions to re-negotiate with the government on a new minimum wage rather than embarking on industrial action. The National Publicity Secretary of the Labour Party, Obiora Ifoh, made the call in an interview with the News Agency of Nigeria on Monday in Lagos State. Ifoh said that the strike was not an option, noting that it would cause more hardship […]

todayJune 3, 2024 6

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NEWS

Minimum wage: Labour dumps negotiation over FG’s N48,000 proposal

•Negotiation has broken down, N48,000 amounts to wage reduction – Unions The Nigeria Labour Congress and Trade Union Congress on Wednesday dumped the minimum wage negotiation after the Federal Government offered to pay N48,000, a figure far below the N615,00 the unions were demanding as the new national minimum wage. After abandoning the session, the furious labour leaders summoned  an emergency press conference where they vented their displeasure with the […]

todayMay 16, 2024 15

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BUSINESS

Minimum wage may not be less than N100,000 – Economist

Chief economist at SPM Professionals, Paul Alaje, shares his thoughts with AYOOLA OLASUPO on some of the recent economic policies made by the Federal Government among others Recently, the Central Bank of Nigeria increased Nigeria’s Monetary Policy Rate known as interest rate from 22.75% to 24.75%. What implications will this have on the private sector? What do you think of the Central Bank of Nigeria stimulating this programme at this point? I […]

todayApril 29, 2024 8

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