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Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 6:06am On Nov 13, 2018
https://www.thisdaylive.com/index.php/2018/11/13/minimum-wage-labour-gives-president-two-weeks-to-submit-bill-to-nassembly/?amp

Minimum Wage: Labour Gives President Two Weeks to Submit Bill to N’Assembly

Onyebuchi Ezigbo in Abuja

The Nigeria Labour Congress (NLC) yesterday said the organised labour expects President Muhammadu Buhari to submit the new national minimum wage bill to the National Assembly for passage into law within the next two weeks, explaining that it was prepared to constructively engage the federal legislature to ensure quick passage of the bill.

Speaking to THISDAY on telephone last night, the General Secretary of the NLC, Mr. Peter Essom, said labour expects speedy transmission of the outcome of the negotiations to the legislature without further waste of time, warning that any delay could attract a reaction from workers.

“We insist that a bill reflecting the agreement reached at the tripartite negotiations be forwarded to the National Assembly as soon as possible; that is what we are standing on. If that is not done within a reasonable time, then you will hear from us,” he said.

On what would amount to a reasonable time for the organised labour under the circumstances, Essom said, “We will determine what reasonable time is; remember that the NLC President had indicated that within a period of two weeks, we expect this bill to be forwarded to the National Assembly. So let us wait and see. When we believe that there is an unnecessary delay in the process, we will take decisions need to be taken and we will communicate to members of the public,” he said.

The NLC scribe said that labour was appealing to President Buhari to kindly expedite action on the proposed new national minimum wage by transmitting it to the National Assembly in good time.

He said the Tripartite Committee on the New National Minimum Wage had concluded its meetings and a report on N30,000 minimum wage agreed upon, adding that the ball was now in the court of government to do the needful.

“We all signed up on the N30,000, so why should there be any controversy. The report has been submitted to Mr. President and what we expect now from Mr. President is to do justice to that report, by quickly raising an executive bill on the new National Minimum Wage. And when that bill gets to the National Assembly, we want to assure Nigerian workers that we will be ready to engage them constructively,’’ he said.

The Tripartite Committee on the new National Minimum Wage concluded its negotiation process on November 5 and submitted the report to Mr. President on November 6.

Before then, the federal government had offered to pay N24,000, while the organised labour had agreed with the Organised Private Sector (OPS) to stand on N30,000 as the new National Minimum Wage.

President Buhari while receiving the committee report, said: “In a way, both arguments are valid. I want to assure you all that we will immediately put in place the necessary machinery that will close out these open areas. Our plan is to transmit the Executive Bill to the National Assembly for passage within the shortest possible time. I am fully committed to having a new National Minimum Wage Act in the very near future,’’ he said.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 9:19pm On Nov 12, 2018
shocked
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 8:38pm On Nov 12, 2018
https://www.channelstv.com/2018/11/10/rivers-will-pay-n30000-minimum-wage-if-fg-agrees-wike/

Rivers Will Pay N30,000 Minimum Wage If FG Agrees – Wike
Channels Television
Updated November 10, 2018

The Rivers State Governor Nyesom Wike has promised to pay the proposed N30,000 as minimum wage if approved by the Federal Government.

The governor mentioned this on Saturday during the foundation laying of an ultra-modern secretariat for the Trade Union Congress in the state, performed by the group’s national president.

He, however, says labour must realize that they are part of the building process of the country and should understand that all government’s revenue cannot be used to pay wages.

“We make promises and we fulfil them. The only one left which you are contending with at the national level is the minimum wage.

“If you people agree, we will pay, but I’m not one of those who made that promise.

“The party that made the promise should solve the problem. I’m not here to solve anybody’s problem. (But) if you people agree we will do it. But I will not come and begin to stay in a meeting for 15 hours… that, I will not do but I’m in support. It’s just that your demands are so many.

“Today it is secretariat, the next day it is increment, the next it is pensions,” Wike said.

The Federal Government and labour leaders have been in disagreement over the amount to be paid as minimum wage.

While FG insists on paying N24,000 as against labour’s demands of N30,000, President Buhari says he is working hard to ensure that the nation gets a new National Minimum Wage Act as soon as possible.

He stated this on Tuesday while receiving the report of the Tripartite Committee on Review of National Minimum Wage at the State House in Abuja.

The President also asked the labour leaders to show patience and understanding with the government while the report of the committee is being reviewed
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:18am On Nov 12, 2018
Good morning all, welcome to the bonanza period journey. grin grin grin
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:47am On Nov 11, 2018
dmercy141983:
All of you that are busy calculating and causing confusion please who gave you the formula to use eeeh? Buhari I guess! Don't calculate in error and be causing confusion OK!
grin grin grin grin grin grin grin grin grin grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:46am On Nov 11, 2018
DeRuggedProf:
You read that a woman's womb is rotting and you want to rush and marry her for the purpose of bearing children for you?

Be very scared and extremely careful of AN ADULT that is growing into A CHILD! grin

NEVER buy a stock on NSE with a mindset that it will be turned around. Most end up been turned over... huh

If you are hungry and want to eat food, will you go to a restaurant where food is ready or will you give out your feeding money to a farmer and wait to eat after his harvest?


Buy only stocks of companies with improving results quarter after quarter and year after year as a biginner.
Powerful and very interested adage.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:43am On Nov 11, 2018
Mpeace:
It is either I was typing this under the the influence of... or my account was hacked. Even sef, no be my hand writing be that.
grin grin grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:39am On Nov 11, 2018
ukay2:
Oga Sir....any news about your baby girl.....
Am still believing on God that I will see her one day, because I believe God that she is much alive and in God hands and care.
Thanks for your concern, once the appointed time come for God to reunite her back to me , I will share the great testimony, which will happen soon.
Thanks once again.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:34am On Nov 11, 2018
mendes911:
And Nigeria is part of Europe or North America? If any of your relatives committed suicide then and you were blaming NSE, blame no more, look towards your village people.
grin grin grin grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:25pm On Nov 10, 2018
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:50pm On Nov 10, 2018
ihedioramma:
grin ONE LOVE .
Long time dear brother.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:34pm On Nov 10, 2018
mendes911:
Abeg no remind me of 2008! That injury will never heal. Forget it.
Some gave up their ghost as a result of High Blood Pressure, they borrowed millions of naira from banks, using their property as collateral, together with their own millions of naira life savings, and money from their businesses.

After the meltdown, they find it difficult to pay 1/3 of their borrowing, without thinking of their own millions. Many died, and many started life afresh. Those living are still better than the dead ones, because they still have hope.

Once there is life, there is hope. NSE is not where one will develop for better for worse culture in any stock, be it Zenith, GTB, seplat, Nestlé, e.t.c non of the Nigeria stocks worth for better for worse stands.

I remembered, some of the good stocks that performed wonderful well then, stocks like, Intercontinental bank, Oceanic Bank, Transcorp, but today, most of the elephants has falling apart.
Oando, FO, etc of the recent.

From my years of experience in NSEM, politics contributed a lot in Nigeria stocks market, especially when there is change of government, as we will soon witness, foreign investors knows well about it, that's why they usually bail out before election.
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m):
Yayira:
Hmmm you right.. I started following this thread last year and I noticed a lot of things has changed but don’t think it’s because of next year’s election.. early February this year, I and some other new people invested and got burnt badly.. I’m the only one among the newbies still posting stuff here, the rest I no know whether dem still dey NSE or dem dey read from guest room..
What happened after the January bull is enough for someone to unfollow this thread and leave NSE all together.. “Maybe” some old member too got caught up in that terrible bear season.. Who go come dey post here when him portfolio dey give an BP ? And also some laughing and yabbing people trapped in that bear is another reason to unfollow this thread too..
Me and you dey take the heat likely because we still get cash to tread.. some don’t have money to average down let alone buy new stock.
A lot of people are looking at their portfolio waiting to recover and when that happens, this thread will come back to live grin
Many of us here including me paid millions of naira as a expensive school fees during the 2008 global economic meltdown, some paid with their life, may their soul rest in peace. Many sold their commercial houses and other properties to buy stocks during that period, what worsened the situation was the use of analog stockbrokers.

One has to fill hard copy sell mandate form to sell his/her share, only to return the next day without the mandate been executed, most of the stockbrokers will not even submit the mandate form, they mostly concentrated on their own, to sell theirs first because no body was interested in buying.

I remembered the way I used to visit Standard Union Security Limited stockbroker at Sani Abacha way Kano, when I was in Kano, then every morning as soon as they open for the day business, I will drove to their office to received a positive news of execution of my mandate, but the reverse will be the case, I thank God for the development of modern day real time online trading platform.

After 2008 economic meltdown a lot of stock participants started seeing stock as one dealing with snake. I remembered the motor of one my stockbroker, by name CSL stokebroker; "Never invest what you can't afford to lose" my question still remain, who invested to lose or want to lose?

My good sister in the lord (SITL) Yayira, 2018 NSE school fee was little to compared with that of 2008, also with the real time online trade platform, one don't need to wait for stockbrokers to submit your order, the moment you feel that something is going wrong, the needful will be the next line of action.

For now, to invest and monitor the market is sine qua non in the NSEM, listening to members advice, especially those that devoted their time to study the market and its environment is another sine qua non in NSEM, it is inconsequential to run away due to high school fees, but to use the knowledge gain to make a good success.

In a nutshell, I love your courage.

I still maintained that, Bull started this year 2018, and Bear will end it, Bear will start year 2019, and Bull will end it.
Let's not forget that January/ February will be the bonanza period , I have long been announcing, good luck to all.grin grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:47am On Nov 10, 2018
Mcy56:
Happy weekend sir. cool
My good sister madam Mcy I wish you same, also am wishing you happy bonanza period in advance. Hope you are getting ready for January/February bonanza period? grin grin grin
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:39am On Nov 10, 2018
ihedioramma:
We are not house but brother's and sister's in the LORD . Any time you see it below #13 .
Yes oooo BNSIL
Bonanza period grin grin grin grin January/February
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:43pm On Nov 09, 2018

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:16am On Nov 09, 2018
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:47am On Nov 09, 2018
Bonanza group are gradually welcoming some early stock in their seating position, many to join soon.
Diamond, FMN, Dangote Flour, Eterna, CCNN, Honey Flour, Afriprud, WAPCO e.t.c are gradually coming back home.

Zenith, GTB, UBA, ACCESS, Seplat, Fidelity, FCMB, Dangote sugar, JB, Nestle, Dan cem, Okomo oil, Presco, UCAP and many others will soon join the chorus. grin grin

More companies to join our stock to watch after bonanza period cool cool
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:32pm On Nov 07, 2018
https://politicsngr.com/labour-expects-passage-new-minimum-wage-bill-law-fast-tracked-ajaero/

Labour expects passage of new Minimum Wage Bill into law fast-tracked–AjaeroPublished November 7, 2018 By Francis Belux

Labour expects passage of new Minimum Wage Bill into law fast-tracked–Ajaero
Mr Joe Ajaero, President, United Labour Congress ( ULC) says the organised labour expects the National Assembly to fast-track action on the minimum wage report once presented because of its urgency.

Ajaero said this on Wednesday in an interview with the News Agency of Nigeria (NAN) in Lagos.

According to the labour leader, the organised labour does not expect the implementation of the N30, 000 new minimum wage to exceed a month.

President Muhammadu Buhari promised to hand over the minimum wage report to the National Assembly, after receiving the report from the tripartite committee on Tuesday in Abuja.

The organised labour suspended a nationwide strike after a prolonged deliberation based on agreement reached and document signed by the Federal Government on the new minimum wage.

”We believe that money should not be a problem. If Appropriation Bill can be made on certain matters, minimum wage should also receive such attention,” he said.

He advised Nigerians to continue to keep faith with the struggle, adding that no positive change would be achieved without labour’s intervention.

NAN reports that once the new minimum wage is signed into law, it will be the 5th minimum wage to be approved for workers in the country.

The first one was negotiated in 1981 by the then NLC President, Mr Hassan Sunmonu.

The first minimum wage received by workers was N125 in 1981, Ñ250 in 1989, N3, 000 in 1990, N7, 500 in 2001 and N18, 000, approved by former President Goodluck Jonathan in 2011
.

The three labour unions: NLC, TUC, and ULC, went on a two-day warning strike and later called for a nationwide strike to press for a new minimum wage.

The organised labour said its action was to ensure government approved and implemented the new wage which it said was due for review since 2011.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:11pm On Nov 07, 2018
On minimum wage, Buhari don't have any other option than to welcome #30,000 minimum wage. NLC gave them 2 weeks, and that 2 weeks fall in 2019 general election campaign starting date. They are dealing with intelligent ones.

Anything strike at this point in time will lead to political uprising, which might result to anarchy, and federal government has no other choice than to avoid it. This is the best time to get the federal government increase the minimum wage without delay.

Even some states governor that are busy frustrating the effort, must agree by force. Sometimes I begin to ask, to govern the people is it by force?, if it's not by force, and someone as a governor knows that he can't afford to pay his workers, why can't he resign or decline the interest of seeking for another tenure.

Instead, all of them will be busy piling up billions of naira to bring in themselves, son in-law, wife's, and their entire family members, including those without SSCE, NYSC, to governing position.

Revolution is seriously needed in our dear country government, they will be shouting no white collar job, and the money needed to make this job available will be converting for their entire family use. Factories and companies are liquidating on daily basis, and they care less about it. The always make sure that their unborn children have white collar job waiting for them.

I was thinking that the aborted strike would have provided the room for the long awaiting political revolution in Nigeria, any further mistake by Nigeria government will usher in the revolution.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 4:50pm On Nov 07, 2018
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 7:32am On Nov 07, 2018
https://t.guardian.ng/news/labour-sets-two-week-target-for-minimum-wage-law/

National
Labour sets two-week target for minimum wage law
By Collins Olayinka, Terhemba Daka, Cornelius Essen, Kanayo Umeh (Abuja), Saxone Akhaine (Kaduna) and Gloria Ehiaghe (Lagos)
07 November 2018 | 4:22 am

A new national minimum wage law is possible within two weeks if the presidency submits the bill this week to the National Assembly for passage, the Nigeria Labour Congress (NLC) affirmed yesterday.
In an exclusive interview in Abuja, NLC president, Ayuba Wabba, told The Guardian that with the tremendous goodwill the organised labour enjoys at the National Assembly, lawmakers would expedite action on the bill.

His comment followed President Muhammadu Buhari’s receipt yesterday of the report of the tripartite committee on the review of the national minimum wage. While government stuck to N24,000, the organised labour insisted on N30,000.

Wabba said: “The organised labour wants to assure the Nigerian people that once the report is submitted today, labour would be considering what timeframe we think would be sufficient enough for the presidency to transmit it to the National Assembly.

“For the work of the National Assembly, we are very certain because we have an understanding with the leadership of the Assembly that the new minimum wage bill will not take more than two days to consider because what would be presented is an amendment of the existing 2011 National Minimum Wage Law. While passing the bill does not require a long process, most members of the two chambers of the National Assembly are well informed about all the issues that surround the minimum wage bill.

“Clearly, I don’t want to quote a specific date because I know how interwoven the process can be. We are committed to watching the process and following up. And anywhere we think there is a deliberate delay, we will respond adequately to every challenge along the way.”

Also reacting on the wage issue, Peter Esele, a former president of the Trade Union Congress (TUC), took on the Minister of Labour and Employment Chris Ngige. “Just imagine him saying N24,000 is enough to feed a family of four. And that if labour thinks it is too small, they should go to the farm and see how difficult life can be. I was aghast that a minister under this government could utter such horrible words. What he said was provocative and the organised labour should request Ngige to tender an unreserved apology to Nigerian workers.”

While receiving the report from the Amal Pep­ple-led tripartite panel at the Presidential Villa in Abuja, Buhari said government plans “to transm­it the executive bill to the National As­sembly for passage within the shortest p­ossible time.” He also expressed commitment to ha­ving a new National Minimum Wage Act soon.

He said: “In constituting this committee, we took­ into account the need for all stakehold­ers to be adequately represented – the g­overnment, the private sector and most i­mportantly the workers. Our goal was to ­get an outcome that was consensual.

“From the onset, we knew the committee h­ad a difficult task ahead of it. But at ­the same time, we were also confident th­at the patriotic and professional backgr­ound of its members would produce realis­tic, fair and implementable recommendati­ons that would be considered by both the ­executive and legislative arms of govern­ment.

“I am not surprised that the committee h­as worked for close to one year. I am al­so not surprised that on a few occasions­, the debates got heated and sometimes, ­these differences came out.

“What is truly inspiring is that, in alm­ost all instances of disagreements, the ­committee members always came back to th­e negotiating table with a common goal o­f improving the welfare of Nigerian work­ers.”

Earlier in her address, Amal-Pepple said: “After carefully weighing these critical­ factors and bearing in the mind the ove­rriding interest of the economy the committee, while noting the offer of N24,000 ­by the Federal Government, is recommendi­ng an increase in the existing minimum w­age from N18,000 to N30,000.

“We believe ­that the implementation of the recommend­ed minimum wage will, no doubt, boost t­he purchasing power of workers, increase­ consumption expenditure and ultimately ­stimulate business and overall economic ­growth.”

The Secretary General, Association of Senior Civil Servants of Nigeria (ASCSN), Alade Bashir Lawal, meanwhile told The Guardian that governors could comfortably pay workers’ salaries. “With this new development of N30,000 new minimum wage, we don’t envisage that any sincere governor would have any problem in complying. For the 2019 elections, it makes it sweeter. If you refuse to comply, we will vote you out,” he said.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m):
Juenwume:
One of the labour leaders actually said going by labour law of 2011, that the increase does not only affects the basic salary but housing, transport and utility. If that was anything to go by, then a 65k earner will receive close to 100k. This is because the sum of basic, Housing allowance, transport allowance and utility is 48,572.98 naira for a 65k earner. So that (30,000/18,000)*48,572.98+(65,244.31-48,572.98) = 97,626.30 if tax, union dues and other deductions were constant.
That's good.
From voucher, 8/3 gross stands at 70,721.31
Gross 70,721.31 - 8,897.84 ( which are deductions includes,Tax 2,947.06 + Cont. Pension 3,420.84 + Union Dues 1,922.78 + NHF 607.16 = 8,897.84) = 61,823.47 ( Net Pay )

30,000/18000 x 48,572.98 ( which are, basic 24,286.49 + Accommodation 14,808.83 + Transport 6,515.89 + Utility 2,961.77 = 48,572.98) + 22,148.33 ( which are, Exam Allowance 1,214.32 + Furniture 8,885.30 + Hazard 1,214.32 + Learned 485.72 + Leave grant 2,428.65 + Meal 1,777.06 + Medical 2,500 + Teaching 3,642.96 = 22,148.33) = 103,103.297 (new gross salary)

30,000/18,000 x 48,572.98 + 22,148.33 = 103,103.297 ( gross salary)
30,000/18,000 x 48,572.98 + 22,148.33 = 103,103.297 - new deductions will give you new Net pay.
After implementation, any new amount receive will be the answer.
( level 8/3 current deduction is 12.58155427% i.e 70,721.31 x 12.58155427/100 = 8897.84)
All things being equal if the new payment from new minimum wage maintains the same 12.58155427% deduction, the new deduction will stands at 103,103.297 x 12.58155427/100 = 12971.9973
103,103.297 - 12971.9973 = 90,131.2997
That should be addition of about (103,103.297 - 70,721.31 =) #32,381.987 to former gross pay, and about (90131.2997 - 61823.47 =) #28,307.8297 to former net pay of #61,823.47

Change if use current deduction percentage
1.The new Gross pay for level 8/3 will stand at #103,103.297
2. The new Net pay for level 8/3 will stand at #90,131.2997.
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 8:45pm On Nov 06, 2018
ORDUDAVID:
Thanks for your response
You are welcome
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m):
ORDUDAVID:
Good news!!! Please house, how much will level 8 step 4 now earn when implemented?
At 30,000 minimum wage
Level 8/3 after pension/ other deduction total 61,823.47 ( basic 24,286.49) Therefore 61,823.47 - 24,286.49 = 37,536.98.

@ 30,000
30,000/18000 x 24,286.49 + 37536.98 = 78,014.4633
(78,014.4633 - 61,823.47 = 16,190.9933 new addition)
New basic will now be 24,286.49 + 16,190.9933 = 40,477.4833 (new basic) + 37,536.98 ( allowances) = 78,014.4633

At 30,000 = 67% approximately


I just used level 8/3 as an example, follow the above step to get that of any level, including level 8 step 4, check the pay slip of any level to know the basic then calculate it this way;
30,000/18,000 x your basic + all the allowances.

Level 8/4 should be little above Level 8 step 3, difference of #100 to 500. I also understand that allowances will get some little increment too. Meaning that new increment starting from level 8 and above will be more than 20k addition.

How I wish, it should be on gross salary.
Then level 8/3 as an example will be;
30,000/18,000 x 70,721.31( gross salary) =117,868.85
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 6:41pm On Nov 06, 2018
https://punchng.com/breaking-buhari-endorses-n30000-minimum-wage/

BREAKING: Buhari endorses N30,000 minimum wage


BREAKING NEWS
Published November 6, 2018
Olalekan Adetayo, Abuja

President Muhammadu Buhari on Tuesday endorsed N30,000 as the new national minimum wage.


He said this while receiving the report of the Tripartite Committee on the Review of National Minimum Wage at the Presidential Villa, Abuja.

The report was submitted by the committee’s chairman, Amal Pepple.

Buhari has also promised to send a bill to the National Assembly to effect the change from N18,000 to
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:37pm On Nov 06, 2018
https://punchng.com/breaking-buhari-endorses-n30000-minimum-wage/

BREAKING: Buhari endorses N30,000 minimum wage


BREAKING NEWS
Published November 6, 2018
Olalekan Adetayo, Abuja

President Muhammadu Buhari on Tuesday endorsed N30,000 as the new national minimum wage.


He said this while receiving the report of the Tripartite Committee on the Review of National Minimum Wage at the Presidential Villa, Abuja.

The report was submitted by the committee’s chairman, Amal Pepple.

Buhari has also promised to send a bill to the National Assembly to effect the change from N18,000 to
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:04pm On Nov 06, 2018
DOLLARTEX:
see stew everywhere!
More to come
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:55pm On Nov 06, 2018
Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m):
https://www.premiumtimesng.com/news/294281-breaking-minimum-wage-nlc-suspends-strike.html

BREAKING: Minimum Wage: NLC suspends strike
November 6, 2018 Azeezat Adedigba

The Nigerian Labour Congress (NLC) has called off the nationwide industrial action initially scheduled to commence on November 6 to further press for workers’ demand for new national minimum wage.
The President of the NLC, Ayuba Wabba, said this on Monday night in Abuja while addressing journalists at the end of a meeting of the tripartite committee set up by government to negotiate labour’s demand.
Organised labour had threatened to commence nationwide strike on November 6 should government fail to accede to its N30,000 minimum wage demand. The federal government had offered to pay N24,000 while some state governments are even offering less.
But briefing journalists on Monday night, Mr. Wabba said, “The tripartite negotiating committee this evening concluded its assignment. Agreement has been reached and also documents have been signed. The report will be submitted to Mr. President tomorrow by 4:15pm.
“Therefore, as organised labour, we want to use this medium to thank all the tripartite partners for their understanding and importantly for concluding this very national assignment.
“And having reached this position, and also the fact that the assignment has been concluded, organised labour also decided that the proposed industrial action is hereby suspended.
“Therefore, we thought this should be communicated appropriately without also any delusion or missing information.
“As the chairperson have said, mutual agreements have been reached and this will be make public tomorrow and we must appreciate the roles that organised private sectors have actually demonstrated and the attitude brought to this process and to members of the tripartite negotiating team.”
The Chairperson, Tripartite Committee, Amma Pepple, corroborated Mr Wabba’s claim, saying her committee had reached a truce and concluded its assignment.
“We are going to present our report to Mr President tomorrow at 4:15pm and he will reveal the figure that we have recommended,” she said.

Meanwhile, the Secretary to the Government of the Federation, Boss Mustapha, commended members of the committee for their time and commitment to the long and tortuous negotiation processes.
“I am confident that government will give expeditious consideration of the report tomorrow by Mr President and very soon the processes will be put in place to truly actualise your recommendations so that the status of our working populace will be enhanced and they would receive appropriate and commensurate payments for the services they offer to our nation and to the different sectors of our economy,” he said.
Government and labour had been at loggerheads over the demand for a new minimum wage. Labour says the minimum wage of N18,000 is paltry and no longer acceptable.
More to come

http://sunnewsonline.com/new-minimum-wage-n30000/
Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m):
https://www.premiumtimesng.com/news/294281-breaking-minimum-wage-nlc-suspends-strike.html

BREAKING: Minimum Wage: NLC suspends strike
November 6, 2018 Azeezat Adedigba

The Nigerian Labour Congress (NLC) has called off the nationwide industrial action initially scheduled to commence on November 6 to further press for workers’ demand for new national minimum wage.
The President of the NLC, Ayuba Wabba, said this on Monday night in Abuja while addressing journalists at the end of a meeting of the tripartite committee set up by government to negotiate labour’s demand.
Organised labour had threatened to commence nationwide strike on November 6 should government fail to accede to its N30,000 minimum wage demand. The federal government had offered to pay N24,000 while some state governments are even offering less.
But briefing journalists on Monday night, Mr. Wabba said, “The tripartite negotiating committee this evening concluded its assignment. Agreement has been reached and also documents have been signed. The report will be submitted to Mr. President tomorrow by 4:15pm.
“Therefore, as organised labour, we want to use this medium to thank all the tripartite partners for their understanding and importantly for concluding this very national assignment.
“And having reached this position, and also the fact that the assignment has been concluded, organised labour also decided that the proposed industrial action is hereby suspended.
“Therefore, we thought this should be communicated appropriately without also any delusion or missing information.
“As the chairperson have said, mutual agreements have been reached and this will be make public tomorrow and we must appreciate the roles that organised private sectors have actually demonstrated and the attitude brought to this process and to members of the tripartite negotiating team.”
The Chairperson, Tripartite Committee, Amma Pepple, corroborated Mr Wabba’s claim, saying her committee had reached a truce and concluded its assignment.
“We are going to present our report to Mr President tomorrow at 4:15pm and he will reveal the figure that we have recommended,” she said.

Meanwhile, the Secretary to the Government of the Federation, Boss Mustapha, commended members of the committee for their time and commitment to the long and tortuous negotiation processes.
“I am confident that government will give expeditious consideration of the report tomorrow by Mr President and very soon the processes will be put in place to truly actualise your recommendations so that the status of our working populace will be enhanced and they would receive appropriate and commensurate payments for the services they offer to our nation and to the different sectors of our economy,” he said.
Government and labour had been at loggerheads over the demand for a new minimum wage. Labour says the minimum wage of N18,000 is paltry and no longer acceptable.
More to come

http://sunnewsonline.com/new-minimum-wage-n30000/
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