Investogist
No Result
View All Result
Thursday, March 5, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    MDCN Suspends Three Doctors Over Alleged Negligence in Death of Chimamanda Adichie’s Son

    MDCN Suspends Three Doctors Over Alleged Negligence in Death of Chimamanda Adichie’s Son

    UK halts Study Visas for 4  Countries citing Asylum Abuse

    UK halts Study Visas for 4 Countries citing Asylum Abuse

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Lavrov: No evidence of Iran developing nuclear weapons

    Lavrov: No evidence of Iran developing nuclear weapons

    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    Oil Prices Surge Amid Middle East Tensions

    Oil Prices Surge Amid Middle East Tensions

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Tinubu Renews Prof. Ayo Omotayo’s Appointment as NIPSS Director-General

    Tinubu Renews Prof. Ayo Omotayo’s Appointment as NIPSS Director-General

    UK halts Study Visas for 4  Countries citing Asylum Abuse

    UK halts Study Visas for 4 Countries citing Asylum Abuse

    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    Dangote Refinery Raises Petrol Ex-Depot Price to N874

    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Lavrov: No evidence of Iran developing nuclear weapons

    Lavrov: No evidence of Iran developing nuclear weapons

    MeCure PLC Announces ₦0.32 Final Dividend for 2025 FY

    MeCure PLC Announces ₦0.32 Final Dividend for 2025 FY

    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    Dangote Refinery Raises Petrol Ex-Depot Price to N874

    GTCO Announces Total Voting Rights as at 27 February 2026

    GTCO Announces Total Voting Rights as at 27 February 2026

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Africa Prudential Plc Announces 40 Kobo Dividend for 2025 FY

    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    BUA Cement Announces ₦10 Final Dividend for 2025  FY

    BUA Cement Announces ₦10 Final Dividend for 2025 FY

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria announces N15 final dividend for FY 2025

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Bitcoin and Ethereum Surges as Crypto Rebounds

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Zichis Agro-Allied Industries Shares

    AGM suspension: Oando’s shareholder wins court case against SEC

    Oando Plc Seeks NGX Approval for Rights Issue at ₦50 per share

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

    Fortis Global Insurance Returns to NGX Trading Floor After 6-years Suspension

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    • 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
    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    MDCN Suspends Three Doctors Over Alleged Negligence in Death of Chimamanda Adichie’s Son

    MDCN Suspends Three Doctors Over Alleged Negligence in Death of Chimamanda Adichie’s Son

    UK halts Study Visas for 4  Countries citing Asylum Abuse

    UK halts Study Visas for 4 Countries citing Asylum Abuse

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Lavrov: No evidence of Iran developing nuclear weapons

    Lavrov: No evidence of Iran developing nuclear weapons

    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    United Capital Plc Declares Final Dividend of ₦0.70 per Share

    Oil Prices Surge Amid Middle East Tensions

    Oil Prices Surge Amid Middle East Tensions

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    23 Dead in Pakistan Protests Over Iran’s Khamenei Death

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    Iran Retaliates After Khamenei’s Death: Explosions Hit Dubai, Doha, and Bahrain

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Tinubu Renews Prof. Ayo Omotayo’s Appointment as NIPSS Director-General

    Tinubu Renews Prof. Ayo Omotayo’s Appointment as NIPSS Director-General

    UK halts Study Visas for 4  Countries citing Asylum Abuse

    UK halts Study Visas for 4 Countries citing Asylum Abuse

    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    Dangote Refinery Raises Petrol Ex-Depot Price to N874

    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Lavrov: No evidence of Iran developing nuclear weapons

    Lavrov: No evidence of Iran developing nuclear weapons

    MeCure PLC Announces ₦0.32 Final Dividend for 2025 FY

    MeCure PLC Announces ₦0.32 Final Dividend for 2025 FY

    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    Dangote Refinery Raises Petrol Ex-Depot Price to N874

    GTCO Announces Total Voting Rights as at 27 February 2026

    GTCO Announces Total Voting Rights as at 27 February 2026

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Africa Prudential Plc Announces 40 Kobo Dividend for 2025 FY

    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    Haldane McCall Announces Final Dividend of 5 Kobo per Share for 2025 FY

    BUA Cement Announces ₦10 Final Dividend for 2025  FY

    BUA Cement Announces ₦10 Final Dividend for 2025 FY

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    Paramount Skydance Acquires Warner Bros Discovery for $110 Billion After Netflix Withdraws

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria announces N15 final dividend for FY 2025

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Bitcoin and Ethereum Surges as Crypto Rebounds

    Bitcoin and Ethereum Surges as Crypto Rebounds

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    Dangote Cement Hits ₦1 Trillion Profit, Proposes ₦45 Dividend

    NGX suspends trading in the shares of four listed companies

    NGX Suspends Trading in Zichis Agro-Allied Industries Shares

    AGM suspension: Oando’s shareholder wins court case against SEC

    Oando Plc Seeks NGX Approval for Rights Issue at ₦50 per share

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

    Fortis Global Insurance Returns to NGX Trading Floor After 6-years Suspension

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    • 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

Private employers paying below N70,000 risk jail – FG

Thursday, 19 September 2024, 1:03 pm
in News, Nigeria
0
All diaspora remittances must be received by beneficiaries in foreign currency only – CBN
Share Share Share Share Send as Email

The Federal Government has warned recruiting agencies for private sector to adhere to the nation’s N70,000 minimum wage, saying failure to implement it could lead to jail term.

The Permanent Secretary, Federal Ministry of Labour and Employment, Alhaji Ismaila Abubakar, stated this on Wednesday while speaking at the 13th Annual General Meeting of the Employers Association for Private Employment Agencies of Nigeria, held in Ikeja, Lagos.

He  further stated that no Nigerian worker, whether in government or private employment, should be paid less than the minimum wage. He added that any deviation from the stipulated amount would not be tolerated.

According to him, the minimum wage is necessary to address the current economic reality in  the country.

Abubakar, who was represented by the Director of Employment and Wages of the ministry, John Nyamali, said, “The minimum wage is now a law, and as a result, it is a punishable crime for any employer to pay less than N70,000 to any of its workers.

“The private employment agencies should make it compulsory in any contract they take from their principal that their workers should not earn less than the minimum wage. The least paid worker in Nigeria should earn N70,000, and I think that should be after all deductions.

“The minimum wage is a law, and you can be jailed if you fail to implement it. The Federal Government is committed to ensuring that the least paid worker goes home with N70,000.”

In his remarks, the President of the Employers Association for Private Employment Agencies of Nigeria, Dr Olufemi Ogunlowo, asked the government and Nigeria Labour Congress to address ambiguities in Act and to clarify whether the N70,000 minimum wage is net or gross.

“As an employers union in the private sector, we are committed to implementing the minimum wage. We are a law-abiding and guided association. Our principals and clients have also keyed into the minimum wage.

“However, the government must clarify whether the N70,000 minimum wage is net or gross. The government and NLC should address all ambiguities in the minimum wage,” he stated.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Jay-Y.-Lee-1
    Samsung Chairman risk's paying $375,000 fine, 5…
  • governors
    List of States paying N70,000 minimum wage
  • Air Peace
    Air Peace flight from PH to Lagos costs N150,000,…
  • Tax
    Individuals must file tax returns by March 31;…
Tags: Featured
Previous Post

Nigerian Police Bank to pay 12 kobo dividend for 2023 Financial Year

Next Post

Marketers pay ₦766 to lift Dangote petrol to retail outlets nationwide

Next Post
Dangote refinery starts supply of petroleum products into Nigerian market

Marketers pay ₦766 to lift Dangote petrol to retail outlets nationwide

Please login to join discussion
  • Trending
  • Comments
  • Latest
UK halts Study Visas for 4  Countries citing Asylum Abuse

UK halts Study Visas for 4 Countries citing Asylum Abuse

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Bitcoin and Ethereum Surges as Crypto Rebounds

Bitcoin and Ethereum Surges as Crypto Rebounds

United Capital Plc Declares Final Dividend of ₦0.70 per Share

United Capital Plc Declares Final Dividend of ₦0.70 per Share

Tinubu Renews Prof. Ayo Omotayo’s Appointment as NIPSS Director-General

Tinubu Renews Prof. Ayo Omotayo’s Appointment as NIPSS Director-General

Bitcoin and Ethereum Surges as Crypto Rebounds

Bitcoin and Ethereum Surges as Crypto Rebounds

Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

MDCN Suspends Three Doctors Over Alleged Negligence in Death of Chimamanda Adichie’s Son

MDCN Suspends Three Doctors Over Alleged Negligence in Death of Chimamanda Adichie’s Son

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

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

Copyright © 2025 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