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
BREAKING : NLC & TUC Reach Agreement with Federal Government
RESOLUTIONS REACHED AT THE MEETING BETWEEN THE FEDERAL GOVERNMENT AND THE ORGANISED LABOUR HELD ON MONDAY 3 D JUNE,2024 Further to the negotiation by the Tripartite Committee on National Minimum Wage (NMW) and subsequent withdrawal of Labour from negotiation, the Leadership of the National Assembly intervened on 2nd June, 2024. The Organised Labour declared nationwide
NLC raises the alarm over presence of soldiers at Negotiation Venue
The Nigeria Labour Congress, NLC, has raised an alarm that soldiers have surrounded the venue of its meeting with the federal government over minimum wage negotiation. “Soldiers are presently surrounding the venue of the meeting between Labour and Government at the premises of the SGF,” NLC wrote on X. In a post on its official
Peter Obi reacts to CBN’s Revocation of Heritage Bank license
His Excellency, Peter Obi has reacted to the recent CBN Revocation of The Banking License Of Heritage Bank PLC. He said thus below : “The latest CBN’s revocation order on Heritage Bank’s operating license and subsequent appointment of NDIC as liquidator of its assets though affirmed by the regulators as necessary at this point to enhance financial
The Terrible Sins of the Nigerian Government Against Nigerians Amidst NLC strike
I doubt if most Nigerians saw this NLC and TUC strike coming. It came at a point where most Nigerians have given up on them and i am sure even the Federal Government doesn’t take them seriously. Unfortunately, this may seem like a resurgence…… Maybe… Just maybe…. “na one eye i still use dey watch
Labour Cuts Water Supply To Senate, House Of Reps
Members of the Parliamentary Staff Association of Nigeria (PASAN), an affiliate of the Nigeria Labour Congress (NLC), have shut down the National Assembly in compliance with the indefinite strike declared by the organised labour. Our correspondent who went to the National Assembly to monitor the situation met the entrance and exit gates blocked with two
CBN Revokes The Banking License Of Heritage Bank PLC
CBN REVOKES THE BANKING LICENCE OF HERITAGE BANK PLC The Central Bank of Nigeria, CBN , in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks and Other Financial Act(BOFIA)2020, hereby revokes the licence of Heritage Bank Plc with immediate
BREAKING : ASUU Declares indefinite Strike Action
The Academic Staff Union of Universities, ASUU has joined the NLC and TUC strike action nationwide. The letter duly signed by their National president, Emmanuel Osodoke signalling the strike action starting today, Monday, the 3rd of June, 2024. See circular below :
TCN drops announcement for Total Grid Shutdown Nationwide
GRID SHUT DOWN : LABOUR UNION DELIBERATELY SHUTS DOWN THE NATIONAL GRID. The Transmission Company of Nigeria hereby informs the general public that the Labour Union has shut down the national grid, resulting in black out nationwide. The national grid shut down occured at about 2.19am this morning, 3rd June 2024. At about 1:15am this
#NLCstrike : Update from the Labour strike nationwide
The NLC and TUC strike action nationwide actually took effect today as the airport activities were seen shutting down. Passengers were seen at the Lagos airport stranded as people were seen singing Solidarity songs. In some parts of the Nation, petrol ⛽ stations have been shutting down. “Travelers stranded as Apapa port shut,over warning strike in