By Joke Kujenya THE 37-MEMBER Tripartite Committee on National Minimum Wage submitted its comprehensive report to the Secretary to the Government of the Federation, George Akume, on Monday. Established on January 30, 2024, by President Bola Tinubu under the provisions of the Minimum Wage Act of 2019, the committee marks a critical step towards...
By Joke Kujenya FOR DEFYING its interim orders and questioning the court’s authority, the Competition and Consumer Protection Tribunal (CCPT) has imposed a N150 million fine on Multichoice Nigeria in a decisive ruling on Friday. The tribunal also mandated that Multichoice provide a month of free subscription to all Nigerian subscribers o...
By Ajibola Olaide, JKNMedia Reporter PRESIDENT BOLA Tinubu has called on international development financiers to view Africa as a prime destination for growth and prosperity. Speaking at a high-profile meeting on Thursday, President Tinubu emphasized the continent’s potential, highlighting ongoing and future infrastructural and agricultu...
By Joke Kujenya NIGERIA’S ECONOMIC performance in 2024 shows significant improvement, as the International Monetary Fund (IMF) reports a current account surplus of $1.432 billion. This figure, detailed in the IMF’s ‘World Economic Outlook Database,’ surpasses the $1.21 billion surplus recorded in 2023, marking a positive trend in the nation...
By Joke Kujenya A DETAILED report has been submitted to President Bola Tinubu, outlining the projected cost implications of implementing a new national minimum wage by the Finance Minister and Coordinating Minister of the Economy, Wale Edun. This action comes as a response to President Tinubu’s recent 48-hour directive, which required Ed...
By Joke Kujenya LEGITIMACY OF two fiscal policy documents currently circulating across mainstream and social media platforms, amid rising public speculation has been categorically denied by the Nigerian Presidency. One document, titled “Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024,” is being incorr...
By Joke Kujenya TAKING A decisive action in the ongoing minimum wage dispute, President Bola Tinubu has instructed Finance Minister Wale Edun to swiftly calculate the financial implications of a proposed wage increase. This directive comes in the wake of a nationwide strike initiated by labour unions after rejecting previous government offers....
By Jemimah Wellington, JKNMedia Reporter ORGANIZED LABOUR leadership said it has taken a resolute stance, and strongly demanding for substantial wage adjustments to keep pace with inflation and maintain workers’ purchasing power. The labour unions insist they are adamant about not accepting minimal increases to the proposed N60,000 minim...
By Joke Kujenya AGAIN, THE Nigerian Police has summoned a journalist with PREMIUM TIMES, Emmanuel Agbo, over a pending investigative report concerning a contentious land dispute. In an official invitation, dated May 31, 2024 and sent to Agbo via WhatsApp on Monday from the office of the Deputy Inspector-General of Police, Intelligence Response...
By Jemimah Wellington, JKNMedia Reporter AN EXTRAORDINARY National Executive Council meeting of the Trade Union Congress and Nigeria Labour Congress, collectively known as Organized Labour, are set to hold to decide on the fate of the ongoing strike action, according to the leadership of the two labour bodies who disclosed this development on ...
