" Mrmoraks: NLC
Showing posts with label NLC. Show all posts
Showing posts with label NLC. Show all posts

Wednesday, June 7, 2023

The Nigeria Labour Congress explains why it didn't embark on a strike over subsidy removal


The Nigeria Labour Congress has said that it decided to call off its strike over the removal of fuel subsidy partly in obedience to an order of the National Industrial Court (NICN).


In a communique issued after an emergency National Executive Council meeting on Tuesday, June 6, the NLC faulted the court order, saying it amounted to an abuse of ex-parte injunction.


The group directed all affiliates and state councils to suspend mobilisation until the outcome of the negotiations.

Wema Bank concludes Capital Raise and announces completion of its second tranche of N50billion capital raise.

  • N50billion Special placement subscribed by 100% • Total Qualifying Capital now N264billion; above N200bn threshold • Bank further surpas...