Labour unions planned strike, N35k minimum wage... 7 business stories to track this week

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Here are the seven top business stories you need to track this week — October 2 to October 6.

The Nigeria Labour Congress and the Trade Union Congress have directed their members and affiliate bodies to start aThe labour unions announced the decision in a communique issued at the end of virtual meetings of their respective national executive councils, last week.The associations said they have decided “in the spirit of the Independence Day celebration and to demonstrate our resolve for a truly independent Nigeria to take our destinies in our own hands and rescue our nation”.

value-added tax on diesel for the next six months as part of measures to cushion the impacts of the removal of the petrol subsidy.The waiver is part of the resolution reached by the federal government and leadership of the NLC and TUC at the end of a four-hour meeting held on Sunday in Abuja. The CBN governor said when confirmed, the immediate plan to stabilise the naira would be for the apex bank to settle some financial obligations and make “transparent rules”.

 

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