The social media was yesterday awash with reports of the suspension of the Senior Pastor of the Redeemed Christian Church of God, RCCG, City of David Parish, Region 20, Idowu Iluyomade,  but Vanguard gathered that he was only transferred to another parish.

In a bid to further strengthen its crusade against the abuse of the naira, the Economic and Financial Crimes Commission, EFCC, has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders.

Further to the negotiation by the Tripartite Committee on National Minimum Wage (NMW) and subsequent withdrawal of Labour from negotiation, the Leadership of the National Assembly intervened on 2nd June, 2024.

The Nigerian defence headquarters has cleared the air on the presence of soldiers at the office of the Secretary to the Government of the Federation – venue of the meeting between organised labour and the federal government.

The Redeemed Christian Church of God (RCCG) has suspended Pastor Idowu Iluyomade, the Senior Pastor of the City of David parish, amid a growing controversy.

Government is alarmed by the level of compliance and participation by workers in the first day of the indefinite nationwide strike

The strike was not effective in the private sector in Warri, Delta state as several banks operated smoothly.

While enforcing the nationwide strike by labour over minimum wage, members of labour union shut down Federal Inland Revenue Service (FIRS) in Lagos, after chasing staff out of the Agidingbi, Ikeja, office. 

“‘This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020. The Board and Management of the bank have not been able to improve the bank’s financial performance”

The Federal Government borrowed N20.1 trillion from domestic investors in the first year of President Tinubu’s administration, representing year-on-year YoY increase of 117 per cent from the previous year, prompting concerns over impact on the economy including likely additional pressure on inflation, increased debt service cost and higher borrowing cost from businesses. 

Fuel distribution, health, bank and other essential services nationwide will be shut from today as organised labour begins an indefinite strike over minimum wage and recent hike in electricity tariff.

At the recently held 2024 Vanguard Economic Discourse, the President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye, was the Guest Speaker, where he attributed the current crises in Nigeria to botched economic policies of the government, such as the currency redesign, removal of fuel subsidy, and the floating of the Naira.

The Labour Party (LP) has condemned in strong terms the brutal killing of five Soldiers deployed to protect citizens in Abia State during the Biafran Day celebration last Thursday.

The Organised Labour in Nigeria has been urged to shelve its strike action billed to commence on Monday June 3, 2024 across the country.

The President of the Nigeria Labour Congress, NLC, Joe Ajaero; has said that the union is fighting for a living wage for the Nigerian workers and not starvation wage.