Top CEO pay to outstrip workers annual earnings today ifamagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifamagazine.com Daily Mail and Mail on Sunday newspapers.
ADVERTISEMENT
The organised labour in Kebbi has suspended its indefinite strike over unpaid leave grant and adjustment on the new minimum wage, among other demands.
The News Agency of Nigeria (NAN) reports that the
Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), began the strike Tuesday, midnight, after the ultimatum given to the state government lapsed.
The state Chairman of NLC, Halidu Alhassan, confirmed the development to a corresponding NAN.
“We also suspended the strike because of the payment of gratuities. Secondly, we received assurance on the payment of leave grants.
“On Wednesday, we also received a letter from the State Head of Service for a meeting on the consequential adjustment, with a promise that government will pay annual increment and others.
Last modified on Mon 11 Jan 2021 07.48 EST
A Balliol graduate who, to his eternal regret, just missed an Oxford rowing blue, Leif Mills was an unlikely figure to have been elected president of the TUC and to have regaled its general council for a decade with Greek and Latin tags and witty interjections.
With a briar in his hand, Mills, who has died aged 84, played up to his image as a pipe smoker and beer drinker. As chairman of the Covent Garden Market Authority (1998-2005), he had a brewer’s tap installed in the offices and would regularly join market porters for an early-morning pint.
Increase in inflation and FOREX
NERC in a statement on Tuesday confirmed the adjustment of the electricity tariffs between two naira and four naira, saying it was to reflect the increase in inflation and foreign exchange rates.
According to the statement, the Commission said although tariff increases for Bands D and E (Customers getting power below 12 hours daily) remain ‘frozen’, it, however, admitted that the tariff rates for these classes of customers were also “adjusted’ upwardly.”
The statement said: “In compliance with the provisions of the Electric Power Sector Reform Act (EPSRA) and the nation’s tariff methodology for biannual minor review, the rates for service bands A, B, C, D and E have been adjusted by N2.00 to N4.00 per kilowatt-hour (kW-hr) to reflect the ‘partial’ impact of inflation and movement in foreign exchange rates.