Close Menu
    What's Hot

    XRP Gains 7.5% Amidst Major Cross-Chain Expansion

    April 18, 2026

    Ethereum Price Rises to $2.4k on ETHGas, Ether.fi $3bn Deal

    April 18, 2026

    Bitcoin Price Tops $77K as AI Agents Get Crypto Wallets

    April 18, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, April 18
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - Labour Unions Suspend Strike for One Week
    News

    Labour Unions Suspend Strike for One Week

    Marketforces AfricaBy Marketforces AfricaJune 4, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Labour Unions Suspend Strike For One Week
    Share
    Facebook Twitter Pinterest Email 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 Telegram Copy Link
    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.

    Related Posts

    News

    XRP Gains 7.5% Amidst Major Cross-Chain Expansion

    April 18, 2026
    News

    Ethereum Price Rises to $2.4k on ETHGas, Ether.fi $3bn Deal

    April 18, 2026
    Cryptocurrency

    Bitcoin Price Tops $77K as AI Agents Get Crypto Wallets

    April 18, 2026
    Featured Business

    Side Hustles You Can Start Without Being a Genius

    April 18, 2026
    News

    Oando Repositions as Energy Player, Secures Long-Term Gas Revenue Stream

    April 18, 2026
    News

    Iran Seeking Permanent End to Wars, not Temporary Ceasefire — Deputy FM

    April 18, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Gains 7.5% Amidst Major Cross-Chain Expansion

    April 18, 2026

    Ethereum Price Rises to $2.4k on ETHGas, Ether.fi $3bn Deal

    April 18, 2026

    Bitcoin Price Tops $77K as AI Agents Get Crypto Wallets

    April 18, 2026

    Side Hustles You Can Start Without Being a Genius

    April 18, 2026
    Latest Posts

    XRP Gains 7.5% Amidst Major Cross-Chain Expansion

    April 18, 2026

    Ethereum Price Rises to $2.4k on ETHGas, Ether.fi $3bn Deal

    April 18, 2026

    Bitcoin Price Tops $77K as AI Agents Get Crypto Wallets

    April 18, 2026

    Side Hustles You Can Start Without Being a Genius

    April 18, 2026

    Oando Repositions as Energy Player, Secures Long-Term Gas Revenue Stream

    April 18, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    XRP Gains 7.5% Amidst Major Cross-Chain Expansion

    April 18, 2026

    Ethereum Price Rises to $2.4k on ETHGas, Ether.fi $3bn Deal

    April 18, 2026

    Bitcoin Price Tops $77K as AI Agents Get Crypto Wallets

    April 18, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

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