The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant increase in the maximum deposit insurance coverage levels for Deposit Money Banks (DMBs) and other financial institutions, effective immediately. During a press conference in Abuja on Thursday, NDIC Managing Director Bello Hassan disclosed, “For Deposit Money Banks, the increase of the maximum deposit insurance coverage…
Commercial banks in Nigeria have reported the closure of 2.021 million bank accounts in the first quarter of 2024 to streamline operations and adhere to regulatory directives, This move, aimed at cleansing their books of questionable accounts and ensuring compliance with regulatory orders, comes as part of efforts to link bank accounts with the National…
The National Industrial Court has withdrawn from a case involving Alhaji Najeem Usman Yasin, Board of Trustees chairman of the National Union of Road Transport Workers (NURTW), and Alhaji Tajudeen Ibikunle Baruwa’s ambition to return as president of the union over lack of jurisdiction.The industrial court’s decision was made to avoid conflict with the Court…
The Chairman of the Nigeria Labour Congress (NLC), Kaduna state, Comrade Ayuba Magaji Suleiman, has hailed Governor Uba Sani for personally attending the May Day rally in Kaduna.Speaking at Murtala Square, Kaduna, on Wednesday, Suleiman said the last time a governor personally attended the rally was nine years ago. Your Excellency, we want to thank…
The Federal Government on Wednesday, said the new minimum wage will take off on May 1, 2024. Nkeiruka Onyejeocha, the minister of state for labour, disclosed this in her address during the Workers’ Day celebration, at the Eagles Square, on Wednesday. Onyejeocha who regretted that the new Minimum Wage was yet to take off, stated…
It is very important that we keep our body healthy if we are going to have long and happy lives. Part of taking care of our health is understanding the different parts and systems of the body. That way, we will know how to best take care of them. Our physical body is our “home”…
The Federal Government has approved a salary increase of between 25% and 35% for civil servants on the remaining six Consolidated Salary Structures. This move is coming on the eve of the 2024 Workers’ Day event and is contained in a Tuesday statement by the Head of Press at the National Salaries, Incomes and Wages…
May Day was first celebrated back in 1890 on May 1st. This was because the international congress of socialist parties in Europe declared May 1st as the ‘Workers Day of International Unity and Solidarity’. In 1904, the Sixth International Socialist Congress called for all workers, trade unions and social democratic organisations to ‘demonstrate energetically on…
Michael Athokhamien Omnibus Imoudu, generally known as Pa Imoudu, was a labour union leader and activist. He encouraged workers in both the private and public sectors to form unions. During the colonial era, he used strike actions to seek better working conditions for Nigerian workers, as well as make the British change obnoxious laws that…
The Federal Government has approved an increase of between 25% and 35% in salary Increase for Civil Servants on the remaining six Consolidated Salary Structures The Salary Structure are Consolidated Public Service Salary Structure (CONPSS), Consolidated Research andAllied Institutions Salary Structure (CONRAISS), Consolidated Police Salary Structure (CONPOSS), Consolidated Para-military Salary Structure (CONPASS), ConsolidatedIntelligence Community Salary…
