Hello and welcome! In today’s trending news stories; 1. The National Labour Congress (NLC) has announced that the ongoing nationwide strike will persist despite an accord reached with the Federal Government during a meeting on Monday. The strike was called by the NLC and Trade Union Congress (TUC) after negotiations with the government over a new minimum wage came to an impasse.
The unions had initially proposed a new minimum wage of N615,000 but later settled for N419,000. However, the government insisted on paying N60,000, which the unions deemed unsustainable. A fter the meeting on Monday, the federal government signed a resolution agreeing to pay above the N60,000 minimum wage proposed.
This appeared to signal an imminent end to the strike. However, the NLC has stated that the strike will continue until their organs meet and reevaluate the resolutions from the previous day’s meeting. Following the strike declaration, several organizations, like United Nigerian Airlines have been grounded.
The Transmission Company of Nigeria (TCN) also reported that the national grid system dropped to zero megawatts on Monday morning due to the complete disruption of power supply to all eleven electricity distribution companies in the country. 2. The Central Bank of Nigeria (CBN) revoked the banking license of Heritage Bank Plc on Monday, June 3, due to the bank’s failure to improve its financial performance, which posed a threat to financial stability.
This came after the CBN introd.
