NLC, TUC Call off Strike

Hamilton Nwosa
Writer

Ad

US Oil Drillers Continue to Play It Safe

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count in the US slipped to 538, according to Baker Hughes, down 47 from this same time last year. The rig count is still…

TGI, Afreximbank Host Intra-African Trade Fair in Algeria, aim to Boost trade

By Obinna Uballa The Tropical General Investment Group (TGI) has been unveiled as an Official Premier Partner for the upcoming Intra-African Trade Fair (IATF) 2025. The organizers maintain the program is Africa’s flagship trade and investment platform that is aimed at boosting intra-continental commerce. The event, being organised by Afreximbank in collaboration with the African…

Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…

Ad

The Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and the United Labour Congress (ULC), have suspended their warning strike for a new minimum wage.

The strike was embarked upon on Sept. 26.

The News Agency of Nigeria (NAN) reports that the organised labour had embarked on the strike after a 14-day ultimatum to the Federal Government for failing to come out with its own figure on the new minimum wage.

The three labour unions had demanded N65,500 as new minimum wage for workers, while the private employers and some state governors were proposing N25,000.

President of the NLC Ayuba Wabba said at a world news conference in Abuja on Sunday that the strike was suspended after government agreed to reconvene the tripartite committee’s meeting on the new minimum wage.

Wabba said the meeting, scheduled to reconvene on Oct. 4, would enable the committee to conclude work on the minimum wage after the Federal Government must have given a figure on what it could afford for workers.

“Indeed on Thursday morning, the strike action commenced and was observed across the country.

“We similarly commend the members of the press for their vigorous and comprehensive reportage of the strike; we thank all Nigerians for their support.

“We have received a firm and formal invitation to a reconvened meeting of the tripartite committee scheduled for Oct. 4 and Oct. 5, 2018.

“We demand that this shall be the final session of the committee and that a final report will be submitted to Mr President immediately.

“In order to avail the committee the necessary conducive environment to hold this crucial meeting and conclude its work, organised labour has after obtaining the mandate of their necessary organs, decided to suspend the strike with effect from today, Sunday Sept. 30, 2018,” Wabba said.

He urged all unions and state councils to maintain a high level of mobilisation and readiness until the struggle for a reasonable minimum wage was achieved.

Labour had earlier said that 21 states so far resolved to abide by whatever the tripartite committee agreed as the new minimum wage for Nigerian workers.

Ad

X whatsapp