Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
NLC Vows to Resist Move to Decentralise Minimum Wage
The Business NG
|The BusinessNG
The Nigeria Labour Congress (NLC) has declared its readiness to resist any move by the National Assembly to transfer labour matters, including the national minimum wage, from the exclusive legislative list to the concurrent list - a move that would allow individual states to set their own wage structures.
-
NLC President, Joe Ajaero, made the declaration on Friday during a meeting of the National Administrative Council (NAC) of the Central Working Committee held in Abeokuta, Ogun State.
Describing the proposed legislative amendment as “an exercise in futility,” Ajaero warned that labour would not sit back and watch the national minimum wage structure dismantled. He argued that such decentralisation runs counter to global best practices and violates International Labour Organisation (ILO) conventions, which recognise minimum wage as a national policy responsibility.
Cette histoire est tirée de l'édition The BusinessNG de The Business NG.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Business NG
The Business NG
Nigerian Stocks Outpace Inflation with 38% Gain
Nigeria's stock market has continued its impressive rally in 2025, delivering real positive returns for investors as inflation eases.
1 min
The BusinessNG
The Business NG
Banks Push Back as AMCON Levy Hits N847bn
Calls Grow to Scrap AMCON After 15 Years
1 min
The BusinessNG
The Business NG
Nigerians Dismiss FG's N330bn Cash Transfer Claim
The Federal Government's claim that it disbursed 330 billion in cash transfers to poor and vulnerable households has sparked widespread disbelief, with many Nigerians dismissing the announcement as fraudulent and lacking transparency.
1 min
The BusinessNG
The Business NG
Pension Savings for Informal Workers Surge to N1.46bn
Nigeria's informal workers are increasingly securing their financial future, with retirement savings under the Personal Pension Plan (PPP) climbing by 765 percent in just four years, according to the Pension Fund Operators Association of Nigeria (PenOp).
1 min
The BusinessNG
The Business NG
Ibas Bows Out, Says Peace Is Rivers' Gain
Retired Vice Admiral Ibok-Ete Ibas, who served as Sole Administrator of Rivers State for six months, says his administration succeeded in restoring peace and stability in the state despite operating under extraordinary conditions.
1 min
The BusinessNG
The Business NG
Banks Must Approve MDs Six Months Ahead – CBN Orders
The Central Bank of Nigeria (CBN) has directed Domestic Systemically Important Banks (DSIBs) to secure regulatory approval for their Managing Director/Chief Executive Officer (MD/CEO) successors at least six months before the incumbent’s tenure ends, as part of efforts to strengthen corporate governance and ensure stability in the financial system.
1 min
The BusinessNG
The Business NG
FG Backs Down on 5% Fuel Tax Implementation
The Federal Government has clarified that it has no immediate plan to enforce the controversial 5% Petroleum Products Tax provided in the recently enacted tax legislation.
1 min
The BusinessNG
The Business NG
NAICOM Sets July 2026 Deadline for Insurance Recapitalisation
The National Insurance Commission (NAICOM) has issued fresh guidelines on the minimum capital requirements (MCR) for insurance and reinsurance firms in Nigeria, directing all operators to fully comply by July 30, 2026.
1 min
The BusinessNG
The Business NG
Banks' Loan Rates Soar to 36%, SMEs Struggle to Survive
Nigerian businesses are reeling under the weight of soaring bank lending rates, which now range between 29% and 36%, raising fears of slower growth, stalled investments, and rising job losses.
1 min
The BusinessNG
The Business NG
NUPENG Strike: Fuel Supply Secured, Dangote Tells Nigerians
Dangote Refinery has dismissed fears of looming fuel shortages following the nationwide strike declared by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).
1 min
The BusinessNG
Listen
Translate
Change font size