Investogist
No Result
View All Result
Monday, April 20, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

    Gunmen abduct unidentified man in Anambra state

    Terrorists Attack Two Churches in Kaduna on Easter Sunday, Kill at Least Seven, Abducts Others

    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

    Legend Internet Plc to Merge with Spectranet Limited

    Legend Internet Plc to Merge with Spectranet Limited

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Stanbic IBTC Reports 69% Surge in 2025 Profit, Declares ₦4.00 Final Dividend

    Stanbic IBTC Reports 69% Surge in 2025 Profit, Declares ₦4.00 Final Dividend

    SEC proposes N7.5bn minimum capital for FTZE public offerings

    SEC proposes N7.5bn minimum capital for FTZE public offerings

    Diageo Appoints Dave Lewis as CEO Effective January 1, 2026

    Guinness Nigeria Reports 48% Profit Surge to ₦10.39bn in Q1 2026, Declares ₦2.00 Interim Dividend

    Zichis Agro-Allied Denies IPO Plans, to Seek Shareholder Approval for Capital Raise

    Zichis Agro-Allied Denies IPO Plans, to Seek Shareholder Approval for Capital Raise

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    US and Iran Agree on a fragile Two-Week Ceasefire as Strait of Hormuz Reopens Conditionally

    US and Iran Agree on a fragile Two-Week Ceasefire as Strait of Hormuz Reopens Conditionally

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Nigeria Discloses Foods Deal with McCormick

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    Zenith Bank Plc Announces ₦10.00 total Dividend for 2025 FY

    Zenith Bank Plc Announces ₦10.00 total Dividend for 2025 FY

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Nigeria Discloses Foods Deal with McCormick

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    VFD Group Unveils Details of ₦50 Billion Rights Issue

    VFD Group Lists 5.07 Billion New Shares on NGX

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol Gantry Price to ₦1,200/litre

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Grants International Oil Companies Full Access to Export Forex Earnings

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

    Gunmen abduct unidentified man in Anambra state

    Terrorists Attack Two Churches in Kaduna on Easter Sunday, Kill at Least Seven, Abducts Others

    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

    Beta Glass Plc Announces ₦7.20 Final Dividend on Strong 2025 Financial Results

    Legend Internet Plc to Merge with Spectranet Limited

    Legend Internet Plc to Merge with Spectranet Limited

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    British Airways launches free Starlink Wi-Fi – first UK airline to offer super-fast internet in the skies

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Stanbic IBTC Reports 69% Surge in 2025 Profit, Declares ₦4.00 Final Dividend

    Stanbic IBTC Reports 69% Surge in 2025 Profit, Declares ₦4.00 Final Dividend

    SEC proposes N7.5bn minimum capital for FTZE public offerings

    SEC proposes N7.5bn minimum capital for FTZE public offerings

    Diageo Appoints Dave Lewis as CEO Effective January 1, 2026

    Guinness Nigeria Reports 48% Profit Surge to ₦10.39bn in Q1 2026, Declares ₦2.00 Interim Dividend

    Zichis Agro-Allied Denies IPO Plans, to Seek Shareholder Approval for Capital Raise

    Zichis Agro-Allied Denies IPO Plans, to Seek Shareholder Approval for Capital Raise

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    US and Iran Agree on a fragile Two-Week Ceasefire as Strait of Hormuz Reopens Conditionally

    US and Iran Agree on a fragile Two-Week Ceasefire as Strait of Hormuz Reopens Conditionally

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Nigeria Discloses Foods Deal with McCormick

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    Zenith Bank Plc Announces ₦10.00 total Dividend for 2025 FY

    Zenith Bank Plc Announces ₦10.00 total Dividend for 2025 FY

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Nigeria Discloses Foods Deal with McCormick

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    VFD Group Unveils Details of ₦50 Billion Rights Issue

    VFD Group Lists 5.07 Billion New Shares on NGX

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    FG Lifts Fuel Import Ban Despite Dangote’s Warnings as NMDPRA Issues Six New Licences

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol Gantry Price to ₦1,200/litre

    CBN Bars Large Loan Defaulters from New Credit and Guarantees

    CBN Grants International Oil Companies Full Access to Export Forex Earnings

    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    NGX Lifts Suspension on Zichis Agro as Shares Drop 50% After Adjustment

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Nationwide strike commences on Monday as NASS intervention fails

Monday, 3 June 2024, 2:01 am
in News, Nigeria
0
Nationwide strike commences on Monday as NASS intervention fails
Share Share Share Share Send as Email

A nationwide strike by the Nigerian Labour Congress (NLC) and its counterpart, Trade Union Congress (TUC) has commenced on Monday as the intervention by the National Assembly (NASS) failed to resolve the impasse.

Also read; Full lyrics of Nigeria’s New National Anthem

A meeting which presided over by the Senate President Godswill Akpabio and the Speaker of the House of Representatives, Hon Tajudeen Abbas,  attended by NLC President Joe Ajaero, and his TUC counterpart,  Festus Osifo on Sunday night ended in deadlock after several hours.

The Leadership of both the Senate and the House of Representatives initiated the meeting which started at about 5.30pm on Sunday at the National Assembly complex to avert the impending strike.

On its X (formerly Twitter) handle, the NLC stated “Victory comes by struggle, a living wage is possible” and posted a picture message saying “We are on Strike.”

Victory comes by Struggle, A Living Wage is Possible. pic.twitter.com/GpO4wroMqV

— Nigeria Labour Congress HQ (@NLCHeadquarters) June 3, 2024

Stating after the failed meeting, the President,  Trade Union Congress,  TUC,  Festus Osifo said that they don’t have the powers to suspend the strike against the backdrop  that there are organs that they must report to before a final decision could be taken.

In his statement “There was an appeal from the Senate President to call off the strike. On our part, we said we cannot sit here and just call off the strike because we need to report to our people. We will take all their pleas to our organs. For now, we don’t have the powers to call off the strike.”

The organised Labour had on Friday declared an indefinite nationwide strike due to the Federal Government’s refusal to increase its new minimum wage offer above ₦60,000.00.

NLC President, Joe Ajaero announced that the strike followed failed negotiations between the government and organised labour, and its refusal to reverse the withdrawal of the power sector subsidy and increase in electricity tariff.

The unions had earlier given the May 31, 2024 deadline for the conclusion of new minimum wage negotiations.

In the course of the negotiations, Government raised its minimum wage offer from ₦57,000 to ₦60,000 while the labour unions reduced their demand to ₦494,000 from ₦497,000 proposed earlier. The labour leaders initially demanded ₦615,000.

But the negotiations deadlocked as the government maintained its offer of ₦60,000, leading to the declaration of a nationwide indefinite strike.

Minister of State for Labour, Onyejeocha, argued that the government and the Organized Private Sector could not afford the ₦494,000 demanded by the congress.

In her statement, she argued that “we are talking about the lowest level, minimum wage, that’s minimum level one. How will the Organized Private Sector pay? You’re talking about salary.

“Yes, things are hard, it’s hurting everybody, but the point is that is our economy buoyant? There’s so much inflation. So, if you pay somebody at level one ₦494,000, you’re talking about an increase of 1,547 per cent.

“We understand that, yes things are hard, let us increase the minimum wage by 100 percent from ₦30,000 to ₦60,000,  and then you are telling us that people are already being paid over ₦70,000.  I say from where, how?’’

She went further to say, “the President has been very compassionate. Check all the palliatives, all the interventions he’s been doing, just to make sure that things are going well. I have not seen any government in Nigeria go out of its way to do the kind of interventions that he’s doing, both in the education sector, health sector, social welfare and yet you’re not looking at that.’’

She further stated that, “There are other things that the government needs money to do. You understand? If the government uses all its money to pay minimum wage for that percentage of people, then what happens to the rest?

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, (SAN), has faulted the organised labour over the nationwide strike it is starting today (Monday).

Fagbemi, in a letter to the Nigeria Labour Congress and the Trade Union Congress leaders, dated June 1, 2024, insisted that the strike over the new minimum was a violation of a subsisting National Industrial Court order restraining the unions from grounding the nation through the strike action.

Meanwhile, the affiliates of the NLC and TUC have begun mobilizing their members nationwide in compliance of the said strike.

Vivian Ifunanya Gerald

Administrator and Writer

Related Posts:

  • ASUP
    ASUP suspends nationwide strike
  • New naira notes
    JUST IN: NLC, TUC suspend planned nationwide strike
  • Ajaero
    BREAKING: NLC declares nationwide strike from Wednesday
  • Suspended
    Fuel Subsidy: NLC, TUC suspend planned nationwide…
Tags: Featured
Previous Post

Kogi varsity students finally regain freedom

Next Post

Nigerian Breweries Plc completes acquisition of Distell Nigeria

Next Post
Approval given for acquisition of International Energy Insurance Plc

Nigerian Breweries Plc completes acquisition of Distell Nigeria

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

MeCure PLC Announces ₦0.32 Final Dividend for 2025 FY

MeCure PLC Announces ₦0.32 Final Dividend for 2025 FY

UPDC REIT declare N0.16 dividend for 2022 Financial Year

UPDC REIT announces ₦0.22 interim dividend for H1 2025

US economy adds 528,000 Jobs in July, exceeding expectations

US economy adds 528,000 Jobs in July, exceeding expectations

Acceptance for Champion Breweries Plc Take-Over Offer closes soon

Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

Stanbic IBTC Reports 69% Surge in 2025 Profit, Declares ₦4.00 Final Dividend

Stanbic IBTC Reports 69% Surge in 2025 Profit, Declares ₦4.00 Final Dividend

SEC proposes N7.5bn minimum capital for FTZE public offerings

SEC proposes N7.5bn minimum capital for FTZE public offerings

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved