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Labour and minimum wage expectations!

“Advocacy for increased wages will perhaps remain eternal in the struggle of organised labour. Thus, expectedly the speeches made by Labour leaders all over the country last Friday, May 1st 2009 touched on the demand for a reasonable minimum wage that would give some measure of dignity to their rank and file. Indeed such demands are not peculiar to Nigerian workers as inflation generally gallops ahead of wage levels over time leaving income earners with lower purchasing power.

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14 NIGERIAN BANKS TO ENJOY $7BN RESERVE

Nigerians may rightly feel shortchanged by the shenanigans in the banking sub sector in the last two years or so. In the wake of the global meltdown, the eloquent Professor at the helm of our Central Bank assured Nigerians, including the Federal Legislature, over and over again that Nigerian banks were insulated from the global crisis as a result of astute regulation of the commercial banks and adoption of best practices in monetary policy and management.

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CBN’s pseudo liberalisation of forex market

There is a general saying that when a lie is repeatedly trumpeted without any refutation as a result of apathy, ignorance, fear or self-interest from any quarter, sooner than later, even the ‘lie makers’ will believe their lie and the lie will become the truth in the general consciousness. So it has become with Central Banks’ touted Liberalisation of our country’s foreign exchange market since this dubious scheme was unveiled in May this year (2006).

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RE: WHERE ARE THE COINS?

A regular reader of this column, Mr. Emmanuel Ekeh, recently sent this rejoinder to our article “WHERE ARE THE COINS?” Please read on: “My dear Les Leba, Your article “where are the coins” made interesting reading. In fact, it is like you read my mind and saw the grudge in it whenever I enter the market to make some purchases with our naira currencies which have no value.

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