RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Top Story: NLC and TUC Suspend Nationwide Strike for Five Days

Stephen Akudike by Stephen Akudike
June 4, 2024
in Economy
Reading Time: 1 min read
A A
0
 Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

In a significant development, the National Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their nationwide strike for five days following a productive meeting with the federal government on Monday. This decision was confirmed by Channels TV on Tuesday.

The suspension comes after labour leaders met with the Secretary to the Government of the Federation (SGF), George Akume, and other government officials. The discussions concluded with a commitment from President Bola Ahmed Tinubu to implement a new minimum wage that exceeds N60,000.

AlsoRead

Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

NGX All-Share Index Edges Up 0.19% to 254,762.81 Points

NNPC Remits ₦11.14 Trillion to Federation Account as Nine-Month Revenue Falls 28%

The meeting also resulted in the establishment of a Tripartite Committee, which will convene daily for the next week to finalize an agreeable National Minimum Wage. This move signals a strong effort to resolve the labour dispute and address the demands of the workforce.

As a result of this agreement, all government and private offices are expected to reopen and resume normal operations. The organized labour has also agreed to hold immediate meetings with its members to consider the new offer. Additionally, it was assured that no worker would face repercussions for participating in the industrial action.

This suspension marks a temporary respite in the nationwide strike, providing an opportunity for both parties to reach a lasting resolution on the minimum wage issue. The labour unions’ decision to pause the strike highlights a willingness to engage in constructive dialogue with the government to address the pressing concerns of Nigerian workers.

Tags: NLCstrikeTUC
Previous Post

ChatGPT Reaches Its Limit: Users Unable to Generate Responses

Next Post

Fitch Ratings Projects Naira to Settle at 1,450/$ by December

Related News

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

by Akpan Edidong
November 5, 2026
0

Shares in Dangote Petroleum Refinery and Petrochemicals may begin trading on the Nigerian Exchange from 8 December 2026, after the...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Edges Up 0.19% to 254,762.81 Points

by Jide Omodele
November 5, 2026
0

The Nigerian Exchange closed higher on Wednesday, 4 November 2026, as the All-Share Index rose 0.19% to 254,762.81 points from...

NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries

NNPC Remits ₦11.14 Trillion to Federation Account as Nine-Month Revenue Falls 28%

by Akpan Edidong
November 5, 2026
0

The Nigerian National Petroleum Company Limited paid ₦11.14 trillion into the Federation Account as statutory remittances between January and September...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Touches ₦1,349.50 as Reserves Slip and FX Turnover Falls 15%

by Jide Omodele
November 5, 2026
0

The naira came under renewed pressure on Wednesday, trading as high as ₦1,349.50 per dollar, even as Nigeria’s external reserves...

Next Post
Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Fitch Ratings Projects Naira to Settle at 1,450/$ by December

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

November 5, 2026
Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Edges Up 0.19% to 254,762.81 Points

November 5, 2026

Popular Story

  • NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries

    NNPC Remits ₦11.14 Trillion to Federation Account as Nine-Month Revenue Falls 28%

    0 shares
    Share 0 Tweet 0
  • NGX All-Share Index Edges Up 0.19% to 254,762.81 Points

    0 shares
    Share 0 Tweet 0
  • Naira Touches ₦1,349.50 as Reserves Slip and FX Turnover Falls 15%

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

    0 shares
    Share 0 Tweet 0
  • CBN defends naira with $5.62bn in three months

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>