Author: Opalim Lifted

The Nigeria Labour Congress (NLC) has declared that it is still on strike. NLC said its organs will meet to decide on the outcome of the meeting with the Federal Government. Posting on X on Tuesday, NLC wrote: “Until we hear from Our Organs at our Meeting scheduled for today, 4th June, we are still on strike.” The Federal Government and the organised labour on Monday reached an agreement that might end the ongoing strike. The organized labour embarked on an indefinite strike on Monday to push for an improved pay package for workers. NLC, TUC leaders arrives SGF office…

The Federal Government of Nigeria has called on labour unions to continue negotiations regarding the new minimum wage. The appeal, issued by Minister of Information and National Orientation, Mohammed Idris, on Monday at a press conference in Abuja, emphasises the government’s commitment to achieving a peaceful and mutually beneficial outcome. Idris highlighted the recent efforts by both the National Assembly and the government to engage with the labour unions. He reiterated FG’s openness to dialogue, stressing the importance of a collaborative approach. “We will continue to engage and continue to make ourselves very available in the context of these negotiations…

The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc with immediate effect. Chronicle NG reports that this decision was made due to Heritage Bank’s failure to improve its financial performance, posing a threat to financial stability. The CBN Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday. According to the apex bank, the Heritage Bank’s management has been unable to stem the decline despite various supervisory steps taken by the regulator. With no reasonable prospects of recovery, the CBN has taken this action to protect the financial system…

The National Assembly has said that it will engage organised labour as part of moves to avert the industrial action due to commence on Monday. To this end, it urged all stakeholders to remain patient and cooperative as it works diligently to find a mutually acceptable resolution in the best interest of the country. The legislative arm said its decision to intervene followed the deadlock between the Federal Government and the labour unions in ongoing negotiations for a new national minimum wage and the reversal of the recent hike in electricity tariffs. A statement issued Sunday, jointly signed by the…

Stanbic IBTC Holdings Plc hosted a comprehensive one-day training programme for a select group of Nigerian journalists from diverse media outlets in Lagos on Thursday, May 30, 2024. Chronicle NG reports that the initiative is aimed at enhancing professional standards and ethical practices in journalism. The training, facilitated by The Media Training Room (TMTR), focused primarily on equipping the participants with tools and insights to better understand how to avoid falling into the landmines of fake news, unethical practices, and cybercrime, as well as how to gather and report activities in Nigeria’s banking and finance sectors. Facilitators at the training…

Kylian Mbappe has signed a contract to join Real Madrid on a free transfer when his Paris St-Germain deal expires on 30 June. The France striker verbally agreed to move to the Bernabeu in February and then announced in May he would leave PSG at the end of the season. Mbappe, 25, has now signed terms with Real Madrid and will move to Spain when the La Liga transfer window opens on 1 July. Madrid are expected to announce the deal next week and could formally present the forward at the Bernabeu before Euro 2024. Mbappe, a World Cup winner…

Socio-Economic Rights and Accountability Project (SERAP) has called on Nigeria’s 36 state governors to promptly disclose the details of the chairmen and members of their State Independent Electoral Commissions (SIECs), including their qualifications, political affiliations and the mechanisms of their appointments. SERAP also demands that the governors release details of local government election results since 1999 and the voters’ registers for these elections. The organization is seeking clarification on how states have adhered to the Nigerian Constitution and international standards regarding the conduct of periodic local government elections, along with any relevant legislation. Professor Mahmood Yakubu, Chairman of the Independent…

No fewer than four traders have reportedly lost their lives due to severe rainstorms accompanied by a strong wind at the IBB Square in Bauchi State, which hosts the just concluded North East Trade Fair. The storm, which started last night, immediately claimed two lives and significantly damaged the Gombe and Yobe States pavilions, along with several business tents within the trade fair complex. The Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH) reported the deaths of two more injured victims later. Spokesman of the Bauchi Police Command, SP Ahmed Wakil, confirmed the incident in a statement made available to journalists…

The Nigerian Government has reacted to the proposed strike by organised labour, set to take off on Monday, saying it would compound the economic woes of citizens. The Minister of State for Labour and Employment, Nkeiruka Onyejoecha, who reacted on behalf of the government, cautioned that any new minimum wage must not lead to widespread job losses, particularly in the organised private sector, which employs the bulk of the nation’s workforce. She warned that the strike is not in the best interests of the country and its people, especially when negotiations are ongoing. Recall that, owing to the failure of…

Real Madrid were crowned kings of Europe for a record-extending 15th time with a 2-0 victory over Borussia Dortmund in the Champions League final at Wembley on Saturday. Huge favourites going in to the game, the Spanish side were outplayed for long periods but broke Dortmund’s resistance with late goals from Dani Carvajal and Vinicius Jr. Veteran right back Carvajal glanced in a header from a Toni Kroos corner in the 74th minute and from that moment Carlo Ancelotti’s side sparked into life. Vinicius slid home Madrid’s second in the 83rd minute to silence the yellow-clad Dortmund fans who had…