Businesss

By: Ade Adeleke The Nigeria Labour Congress (NLC) has cautioned federal government and state governments against introduction of economic policies that will negatively affect the new minimum wage implementation. The NLC President Ayuba Wabba in a Press Statement, says labour will resist any attempt to further increase tax, fuel price or obnoxious economic policies, while kicking against artificial inflation by traders as a result of the implementation of the new wage.

LABOUR and the Federal Government have defended their positions on the new minimum wage table for workers’ salaries. They had last night reached an agreement on the consequential adjustment to the salaries of senior civil servants towards the full implementation of the new minimum wage. The agreement, after two days of talks, ended the strike threat. In addition to Federal Government workers on Levels 1-6, who already enjoy the N30,000 minimum wage, Grade Level 07…

By: SUNSHINETRUTH President Muhammadu Buhari is scheduled to lay the 2020 Budget proposal before the joint sitting of the National Assembly on Tuesday (today). A statement issued by the Special Adviser to the President on Media and Publicity, Chief Femi Adesina, on Friday night, had said an emergency meeting of the Federal Executive Council held yesterday was to put finishing touches to the 2020 budget proposal. The Federal Executive Council (FEC) on Monday accepted the…

By: Ade Adeleke ……. HURIDE wants Emefiele to resign Over his Mindless Cashless Policy. A human right and pro-democracy group, Human Rights,Liberty Access and Peace Defenders Foundation. (HURIDE), on Monday called on the Governor of Central Bank of Nigeria, (CBN), Mr. Godwin Emefiele, to immediately resign his position for the introduction of criminal cashless policy which will make Nigerians pay more for depositing money in the banks. The chairman, Board of Trustees (BoT) of HURIDE,…

The Central Bank of Nigeria has directed Nigerians to deposit mutilated Naira notes in any bank branch closer to them. The apex bank said this was part of its efforts to improve the overall quality of the Naira notes in circulation. The information was contained in an email message sent by the GTBank to its customers on Friday. Entitled, “Important CBN Notice on Naira Notes,” the email states: As part of its efforts to improve…