Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Iran Plans to Restore 3mbpd Oil Production in 60 Days

    June 20, 2026

    Aradel Grows Profit by 192%, Declares N23 as Final Dividend

    June 20, 2026

    Dangote Cement Sells 64% of Production Volume to Nigerians

    June 20, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Iran Plans to Restore 3mbpd Oil Production in 60 Days
    • Aradel Grows Profit by 192%, Declares N23 as Final Dividend
    • Dangote Cement Sells 64% of Production Volume to Nigerians
    • Naira Tumbles as Interbank FX Turnover Drops by 43%
    • XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment
    • ETC- Ethereum Classic Gains 6% on Listing Speculation
    • Bitcoin Climbs, JP Morgan Says BTC Trades Below Mining Costs
    • Equities Investors Lose N939bn as Banking Index Tumbles
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, June 21
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Labour Unions Suspend Strike for One Week

    Labour Unions Suspend Strike for One Week

    Marketforces AfricaBy Marketforces AfricaJune 4, 2024 News No Comments2 Mins Read
    Labour Unions Suspend Strike for One Week
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Labour Unions Suspend Strike for One Week

    The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their industrial action – over a lack of consensus on a new minimum wage and the hike in electricity tariff – for one week. 

    The TUC president Festus Osifo confirmed this in Abuja on Tuesday after a joint extraordinary national executive council meeting of the unions.

    “A joint NEC meeting of TUC/NLC has approved to relax the industrial action for one week with immediate effect,” Osifo told Channels Television.

    A communique will be issued later, the labour chief said Both unions downed tools on Monday to register their grievances over the hike in electricity tariff and lack of consensus on a new minimum wage.

    The development ground activities in critical sectors of the economy with schools, businesses, hospitals, and airports shut. The national grid was also shut down, throwing the nation into darkness.

    Labour’s actions followed the expiration of the May 31 deadline for an agreement on a new minimum wage. They have been locked in negotiations with the Federal Government.

    During the failed talks with the government, labour rejected three government offers, the latest being ₦60,000. The TUC and the NLC subsequently pulled out of negotiations, insisting on ₦494,000 as the new minimum wage.

    But in a bid to halt the strike, the Federal Government and the labour leaders held an hours-long meeting that dovetailed into the night.

    The Secretary to the Government of the Federation (SGF) George Akume, the Minister of Labour and Employment (State) and her Information and National Orientation counterpart Mohammed Idris, TUC’s Osifo and the President of the NLC Joe Ajaero were among the persons present at the meeting.

    At the end of the parley, though labour said NLC and TUC would meet to decide the next action, they reached some resolutions including the government’s resolve to pay above ₦60,000, and a regular meeting between the parties.

    They also resolved “that no worker would be victimized as a result of the industrial action”. #Labour Unions Suspend Strike for One Week

    NLC TUC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Iran Plans to Restore 3mbpd Oil Production in 60 Days

    Aradel Grows Profit by 192%, Declares N23 as Final Dividend

    Dangote Cement Sells 64% of Production Volume to Nigerians

    Naira Tumbles as Interbank FX Turnover Drops by 43%

    XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment

    ETC- Ethereum Classic Gains 6% on Listing Speculation

    Add A Comment

    Comments are closed.

    Editors Picks

    Iran Plans to Restore 3mbpd Oil Production in 60 Days

    June 20, 2026

    Aradel Grows Profit by 192%, Declares N23 as Final Dividend

    June 20, 2026

    Dangote Cement Sells 64% of Production Volume to Nigerians

    June 20, 2026

    Naira Tumbles as Interbank FX Turnover Drops by 43%

    June 20, 2026

    XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment

    June 20, 2026
    Latest Posts

    Iran Plans to Restore 3mbpd Oil Production in 60 Days

    June 20, 2026

    Aradel Grows Profit by 192%, Declares N23 as Final Dividend

    June 20, 2026

    Dangote Cement Sells 64% of Production Volume to Nigerians

    June 20, 2026

    Naira Tumbles as Interbank FX Turnover Drops by 43%

    June 20, 2026

    XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment

    June 20, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.