The Nigerian Deposit Insurance Commission has commenced the liquidation process of failed Heritage Bank with verification and payment of the bank depositors. NDIC disclosed this on Monday following its appointment as liquidator of Heritage Bank by the Central Bank of Nigeria, who announced the revocation of the licence of the bank. In a statement signed…
The Nigeria Labour Congress (NLC) says it would continue with the nationwide strike which began on Monday, pending the outcome of its meeting with its organs scheduled for Tuesday. There were reports earlier today that labour and government have reached some form of agreement prompting some to believe the strike might be called off ….
Human rights lawyer Femi Falana has called on the Attorney General of the Federation to sanction states that fail to pay the current N30,000 minimum wage. He said since the payment of the minimum wage is an agreement entered into freely, state governments unable to honour such a deal are breaching the law. “Once a…
There has been a tanker explosion at the Obiri-Ikwerre flyover along the East-West road in Port Harcourt The incident which occurred at about 9:30 am on Tuesday, involved a tanker carrying what is believed to be Liquefied Natural Gas, which fell over and exploded while trying to navigate the roundabout. The impact of the explosion…
Reports reaching Ekweanaedo say organised labour may suspend it’s ongoing Nationwide strike after reaching an agreement with the Federal Government The Secretary to the Government of the Federation, Senator George Akume disclosed this on Tuesday night while unveiling the resolutions of the emergency meeting with organized labour. The four-point resolution was signed by the Minister…
The Nationwide strike currently going on in the country may affect the Super Eagles preparations for their World Cup qualifier scheduled for later this month According to reports, eight of the players, Semi Ajayi, Bright Osayi-Samuel, Calvin Bassey, midfielder Frank Onyeka, forward Paul Onuachu, Maduka Okoye, Alex Iwobi and Ademola Lookman were left stranded in…
The Minister of Labour and Employment, Nkeiruka Onyejeocha, has appealed to the Organised Labour to shelve its ongoing industrial action which has crippled economic activities in the country. Onyejeocha said the Federal Government is not the sole decider of a new minimum wage as it must be determined by state governments and the Organised Private…
By the end of the Nigeria Civil War(1967-1970 BB), the Igbo people of Nigeria faced devastating losses, including estimated 3 million deaths, displacement, and economic ruin. Despite the federal government’s “no victor, no vanquished” rhetoric, the policies of the country post civil war left the Igbo people feeling marginalized and excluded from Nigeria’s affairs. Fifty…
The Redeemed Christian Church of God has suspended the Senior Pastor of the City of David Parish in Lagos State, Idowu Iluyomade. The suspension of Iluyomade, who also heads the Apapa Family of the church’s annex, came after the elaborate 60th birthday celebration of his wife, Siju. According to a source who spoke with Church…
As the nationwide strike by the Organised Labour over a new minimum wage for workers enters its second day on Tuesday, the Federal Government has invited labour leaders to a meeting in Abuja, the country’s political capital. The meeting, which is presently ongoing, has the President of the Nigeria Labour Congress (NLC), Joe Ajaero; and…
