THE leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have extended their strike ultimatum it earlier issued the federal government for two more weeks, following consultations with their affiliate unions over the cash crunch policy.
The decision was announced on Tuesday, after a meeting with the National Executive Council members.
Recall that the NLC had issued an ultimatum to go on strike beginning from Wednesday, nationwide, part of which was a plan to picket the various branches of the Central Bank of Nigeria.
It is, however, not clear whether a meeting summoned by the Minister of Labour and Employment, Chris Ngige between the leadership of the NLC and CBN prompted the decision to extend the ultimatum for an additional two weeks.
President of the NLC, Joe Ajaero had admitted that the cash crunch situation had improved considerably but that they need to monitor the compliance of cash disbursement through the commercial banks for two more weeks.
President of the TUC, Festus Osifo also corroborated Ajaero’s position, saying there was need to benchmark the government, not just concerning scarcity of cash but the challenges associated with fuel products and unending queues, including electricity tarriff.
Osifo said CBN had erred in eroding the confidence of the people regarding their monetary policy, hence they need to restore the confidence within the two weeks grace period.
Anambra: Women Leader Allegedly Sacked For Supporting Labour Party In 2023 Election
THE All Progressives Grand Alliance, APGA, women’s leader of the Ebenebe community in Awka South Local Government Area, Mrs Favour...Read more
Lagos State Governor, Sanwo-Olu Unveils Official Portrait For Second Term
Governor Babajide Sanwo-Olu's official picture for second termRead more
Senate Presidency: I’m Committed To Consensus Candidacy – Adams Oshiomhole
FORMER National Chairman of the ruling All Progressives Congress, APC, Comrade Adams Oshiomhole, said he is working and looking towards...Read more
Imo Guber Elections: Action Alliance Reacts To Jack Ogunewe As Rumoured Guber Candidate
THE Action Alliance (AA) has declared that Major-General Lincoln Jack Ogunewe (retd) is not its candidate for the governorship elections...Read more
May 29: Tinubu Didn’t Win Highest Lawful Votes – Prophet Samuel Uzochukwu
A cleric in Ebonyi, Prophet Samuel Uzochukwu, Saturday insisted that the All Progressives Congress, APC President-elect, Bola Ahmed Tinubu, did...Read more
Inauguration Lecture: Kenyatta, Kukah, Sultan, Others Urge Tinubu To Unite Nigerians
FORMER President of Kenya, Uhuru Kenyatta, Catholic Bishop of Sokoto Diocese, Bishop Mathew Kukah, Sultan of Sokoto, Alhaji Sa’ad Abubakar...Read more
May 29: Governor Sanwo-Olu, Hamzat Declare Assets Ahead Of Inauguration
LAGOS State Governor, Babajide Sanwo-Olu and his deputy, Dr Obafemi Hamzat, on Saturday submitted their Asset Declaration Forms. Sanwo-Olu and...Read more
Supreme Court Sends Strong Message To PDP
THE Supreme Court has claimed the Peoples Democratic Party (PDP) used social media to bully and terrorise its justices. A...Read more
Governor Umahi Sacks 17 Permanent Secretaries, Retains 15
GOVERNOR of Ebonyi State, David Umahi, on Saturday, sacked seventeen (17) permanent secretaries. The sack of the affected permanent secretaries...Read more
President Buhari To Address Nigerians On Sunday
PRESIDENT Muhammadu Buhari will make a farewell broadcast as President, Commander-in-Chief of the Armed Forces on Sunday, May 28, at...Read more
Labour Party: Appeal Court Suspends Federal High Court Judgement Sacking Alex Otti
THE Court of Appeal in Kano has suspended the judgment of a Federal High Court that invalidated the primaries that...Read more
Shettima Reveals Two Decisions Tinubu Will Make When He Becomes President
THE vice president-elect, Kashim Shettima, has said removing petrol subsidy and removing multiple exchange rate systems are two challenges that...Read more
State High Court Perpetually Restrains Apapa And Cohorts From Holding Themselves Out As Acting National Chairman
EDO State High judge, Justice Emmanuel Okey Aihamoje has dismissed the notice of suspension issued against Comrade Barrister Julius Abure...Read more
Seyi Makinde Defeats Obaseki To Secure The Deputy Chairman Of Nigerian Governors Forum
THE Nigeria Governors Forum (NGF) on Tuesday night picked Abdulrahman Abdulrazaq, governor of Kwara state, as its next chairman to...Read more
US Delegation For Tinubu’s Inauguration Arrives Nigeria
Senate Indicts Federal Mortgage Bank Over N4.5bn Loans, Contract
EFCC Inaugurates Zero Tolerance Club in Uniport, Two More Integrity Clubs in Makurdi