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Tinubu Pledges New Minimum Wage Within Government’s Means

President Bola Tinubu has affirmed that he will approve a new minimum wage that the Nigerian government can sustain. He made this announcement on Wednesday during a dinner in Abuja, held to celebrate Nigeria’s 25 years of uninterrupted democracy. The event was attended by Senate President Godswill Akpabio, Deputy Senate President Jibrin Barau, and other […]

MAN Reports 300 Companies Closed, 380,000 Jobs Lost Due to Electricity Tariff Hike

The Manufacturers Association of Nigeria (MAN) has expressed deep concern over the recent hike in electricity tariffs, which has led to the closure of over 300 companies and the loss of 380,000 jobs in the past two months. Senator Ahmed Abdulkadir, speaking on behalf of MAN at an investigative hearing in Abuja, noted that electricity-related […]

NLC Denies Pact With FG, Reiterates Demand for N250,000 Minimum Wage

The Nigeria Labour Congress (NLC) has clarified its position on the new minimum wage following President Bola Tinubu’s remarks in his 2024 Democracy Day speech. According to the NLC, no specific figure was agreed upon with the Federal Government and Organised Private Sector (OPS) representatives at the end of the tripartite negotiations. “Our demand remains […]

Tinubu Vows Quick Passage of New Minimum Wage Law

President Bola Tinubu has assured organized labor that an executive bill on the new national minimum wage for workers will soon be sent to the National Assembly for passage. This announcement came during his Democracy Day speech on June 12, 2024. “In this spirit, we have negotiated in good faith and with open arms with […]

Democracy Day: Nigeria’s Oil-Dependent Economy Needs Major Reforms – Tinubu

Nigeria’s President, Bola Ahmed Tinubu, stated that the country’s economy has long been based on a flawed foundation due to over-reliance on oil revenue. He made this declaration on Wednesday during his national broadcast in celebration of Democracy Day 2024, marking 25 years of uninterrupted democracy in Nigeria. The President acknowledged the hardships resulting from […]

Guinness Sells Majority Stakes in Nigeria

In a historic agreement set to reshape Nigeria’s beverage industry, Tolaram has agreed to purchase Diageo’s 58.02% stake in Guinness Nigeria Plc. This announcement was made in a press release on the Nigerian Exchange (NGX). The sale is part of a trend of major multinational organizations exiting the country, citing tough economic challenges. The purchase, […]

Electricity Subsidy Down to N1 Trillion — Power Minister

The Minister of Power, Mr. Adebayo Adelabu, announced that the introduction of Band A with a higher tariff has reduced the electricity subsidy to N1 trillion from approximately N3 trillion. Speaking at a public hearing on electricity tariffs organized by the House of Representatives Joint Committee on Power, Commerce, National Planning, and Delegated Legislation in […]

FG Receives Tripartite Committee Report on Minimum Wage

The Tripartite Committee on National Minimum Wage has submitted its report to the Secretary to the Government of the Federation (SGF), marking the conclusion of its assignment. This was announced in a statement by the SGF’s Director of Information and Public Relations, Segun Imohiosen. A formal presentation of the report to President Bola Tinubu will […]

Lawmakers Propose Rotational Presidency, Single Six-Year Term for President, Govs

A group of over 30 lawmakers in the House of Representatives, under the aegis of the Reform Minded Legislators, are seeking constitutional changes to rotate executive powers among Nigeria’s six geopolitical zones. They also propose a single six-year term for the President and Governors to improve governance efficiency and national stability. Addressing journalists in Abuja, […]

Strike May Continue as Labour Rejects FG’s N62,000 New Minimum Wage Offer

The organized labour unions, comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), have firmly rejected the Federal Government’s proposed N62,000 minimum wage for workers. Speaking on Channels TV’s Morning Brief on Monday, Chris Onyeka, Assistant General Secretary of the NLC, stated that the union refuses to negotiate a “starvation wage.” “If […]

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