Economy
NLC Begs Employers To Obey Labour Laws
By Modupe Gbadeyanka
Employees in Nigeria have been urged to adhere strictly to national and international labour laws when dealing with matters affecting their employees.
This appeal was made the President of Nigeria Labour Congress (NLC), Mr Ayuba Wabba, while speaking at a reconciliatory meeting convened by the Minister of Labour and Employment, Dr Chris Ngige; members of the Trade Union Congress (TUC); and the Nasarawa State Government in Abuja on Wednesday.
Mr Wabba said employers of labour in both the public and private institutions must obey these laws to avoid industrial disharmony.
The NLC had planned to embarked on a nationwide protest this Tuesday against the recent killing of two workers in Nasarawa State North- central Nigeria by security agents.
The NLC had also planned to protest against the Imo State Government’s new employment policy in the South- east of the country.
Mr Wabba said, “It is imperative for every employer of labour to have a grasp of the International and national labour laws in order to appropriately apply it in addressing labour issues.
“Nigeria has labour experts across the 36 states of the federation including the FCT, which these employers can easily have access to necessary information as it concerns wage and labour issues.” He stated that when employers of labour adhered to labour laws, it would restore industrial harmony and forestall breakdown of law and order.
The NLC president noted that labour had agreed to postpone all issues of industrial protest in Nasarawa State in order to allow for dialogue by stakeholders.
“Labour is open to dialogue and we also believe in due process in resolving the matter. But I want to say that there is a limit to the patience.
“The matter on ground is already five weeks old and I do not know how much time we need to wait for the workers that were killed to get their justice,“ the NLC President said.
He, however, commended the Minister for his intervention, saying that labour was ready to collaborate with the ministry to ensure that the matter was amicably settled.
The Minister of Labour and Employment Dr. Chris Ngige, called on labour to suspend the proposed picketing of government offices and demonstrations nationwide for the good of workers and the country.
The Minister, also apologised for the absence of the representatives of the Nasarawa State Government, saying there was a communication gap between the Ministry and the State Government.
He warned State Governors not to reduce the remunerations and hours of work of the employees without proper negotiation on any issue that would affect the salaries and wages of workers.
“We must reconvene this meeting on Tuesday, August 30, so that all parties will be available to fashion out the way forward in restoring peace and harmony in the State,” Ngige said.
TUC Deputy President, Mr August Etafor, commended the Minister for his intervention and assured him that they were open to the reconciliation meeting.
Source: http://von.gov.ng/workers-urge-employers-to-obey-labour-laws/
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn