EconomyLens.com
No Result
View All Result
Thursday, August 7, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Nigeria unions suspend nationwide strike to allow more wage talks

Thomas Barnes by Thomas Barnes
June 4, 2024
in Economy
Reading Time: 6 mins read
A A
3
32
SHARES
403
VIEWS
Share on FacebookShare on Twitter

Passengers were stranded after the strike shut down domestic flights as well as the national power grid. ©AFP

Lagos (AFP) – Nigerian union leaders on Tuesday suspended a nationwide strike to allow for more wage talks after they disrupted flights, shut down the national power grid and closed public offices and schools.

Related

Bank of England cuts rate as keeps watch over tariffs

Germany factory output lowest since pandemic in 2020

Siemens warns US tariffs causing investment caution

US tariffs prompt Toyota profit warning

Swiss reel from ‘horror scenario’ after US tariff blow

The stoppage called by two main unions, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), came as Africa’s most populous nation struggles with soaring inflation and an unstable naira currency.

On Monday, union workers shut down the national grid, stalled domestic flights and closed most federal offices, ports, petrol stations and courts to demand the government increase its offer for a higher minimum salary.

The government late Monday said the unions had agreed to another week of negotiations to try to reach an agreement over the wage.

After consultations with members on Tuesday, NLC and TUC said they had called off the strike for seven days.

“Strike Action relaxed for one week to allow the conclusion of negotiation,” NLC said in a statement on X, formerly Twitter.

Unions had been demanding a minimum monthly wage of 494,000 naira (around $330), up from the current level of 30,000 naira.

The government said late on Monday it was “committed to a National Minimum Wage that is higher than N60,000” and that the two sides would meet “every day for the next week” in order to reach a deal.

The unions are also protesting an electricity tariff hike, one of the economic reforms introduced by President Bola Ahmed Tinubu.

Since coming to office a year ago, Tinubu has ended a fuel subsidy and currency controls, leading to a tripling of petrol prices and a spike in living costs as the naira has slid against the dollar.

The government has asked Nigerians to give time for the reforms to work, saying they will draw more foreign investment, but the measures have hit spending power hard.

The second day of the strike had been more mixed than Monday. In Abuja, some ministry employees returned to work though most offices and the National Assembly building were still padlocked, AFP correspondents saw.

Aviation union members were gathered outside the shuttered entrance of the domestic airport in Lagos, the country’s economic capital.

But international flights were still operating on Tuesday, the spokesman of the Federal Airports Authority of Nigeria said.

Eight members of Nigeria’s Super Eagles football squad, including winger Ademola Lookman, were stranded on Monday by flight disruptions and could not make a World Cup qualifier training session, a team spokesman said.

NLC is an umbrella of dozens of unions with tens of thousands of members, from civil servants and teachers to oil sector workers and transport employees.

© 2024 AFP

Tags: Nigeriastrikewage negotiations
Share13Tweet8Share2Pin3Send
Previous Post

Worries for France’s Le Coq Sportif ahead of Paris Olympics

Next Post

Stocks retreat, oil slides further on US economy worries

Thomas Barnes

Thomas Barnes

Related Posts

Economy

Germany factory output lowest since pandemic in 2020

August 7, 2025
Economy

Swiss reel from ‘horror scenario’ after US tariff blow

August 7, 2025
Economy

US tariffs prompt Toyota profit warning

August 7, 2025
Economy

Higher US tariffs kick in for dozens of trading partners

August 7, 2025
Economy

For Argentine farmers, Milei’s free-market reforms fall short

August 6, 2025
Economy

Trump’s ‘dividend’ promise for Americans leaves open questions

August 6, 2025
Next Post

Stocks retreat, oil slides further on US economy worries

Car battery maker ACC halts plant construction in Germany, Italy

Mexican president-elect's team pledges economic stability

OpenAI insiders blast lack of AI transparency

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Swiss to seek more talks with US as ‘horror’ tariffs kick in

August 7, 2025

Bank of England cuts rate as keeps watch over tariffs

August 7, 2025

Plastic pollution treaty talks stuck in ‘dialogue of the deaf’

August 7, 2025

Germany factory output lowest since pandemic in 2020

August 7, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.