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    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

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    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

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      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

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        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

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          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

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            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

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              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

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                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Dec 31 minimum wage negotiation deadline: Oyo, Rivers, Kwara, Gombe, others fail to raise panels

                  Punch | December 17, 2019
                  Dec 31 minimum wage negotiation deadline: Oyo, Rivers, Kwara, Gombe, others fail to raise panels
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                  No fewer than eight state governments  have  yet to constitute   committees  on the new minimum wage negotiations, two weeks to the deadline labour gave states  to conclude talks on the wage increase.

                   

                  Labour leaders in states such as Ogun, Gombe, Cross River, Rivers, Plateau, Kwara, Anambra and Oyo, in separate interviews with The PUNCH on Monday, said they were waiting for their state governments to set up the committees.

                  The President, Major General Muhammadu Buhari (retd.), had on April 18 signed the N30,000 Minimum Wage Bill into law, but negotiations between the Federal Government and labour over the consequential increases in workers’ salaries were not concluded until October 18.

                   

                  Both parties agreed on 23.2 percentage increase for workers at grade level 07; 20 per cent for those at grade level 08; 19 per cent for workers at grade level 09; 16 per cent for those at levels 10 to 14; and 14 per cent for workers at grade levels 15 to 17.

                  After the October 18 agreement,  the Joint National Public Service Negotiating Council  directed state labour  leaders  to begin talks with their state governments.

                   

                  The JNPSNC,  had , on November 6,  written state governments and set  December 31 as the deadline for  conclusion of negotiations.

                   

                  Ogun workers begin strike on Thursday

                  In Ogun State, labour on Monday  said the state government had not set up the negotiation committee  two weeks to the deadline. It, therefore, directed workers to begin a two-day warning strike on Thursday.

                   

                  Labour stated this in a statement by the Chairman of Trade Union Congress, Olubunmi Fajobi; his counterpart for the NLC, Bankole Emmanuel; the Chairman of the Joint National Congress, Folorunsho Olanrewaju, and the Coordinating Secretary, Adebiyi Olusegun.

                  The workers said the state government had been foot-dragging on negotiations. They claimed that they had exhausted the laid down procedures before resorting to the warning strike.

                  The workers accused the government of deliberately ignoring several letters on the need for the constitution of the negotiation committee.

                  They said,  “It is distressing to note that the Ogun State Government has decided to deliberately ignore our letters and various calls for the constitution of the negotiation committee.

                   

                  “It will interest the general public to note that neither acknowledgement nor invitation was received from the state government. Rather, we are treated with menus of deceits and apparent misinformation.”

                  In the notice of strike action sent to the governor, which was obtained by The PUNCH,  the workers threatened to embark on an indefinite strike by January if the government failed to yield to their demand after the warning strike.

                   

                  Osun workers await state govt

                  In Osun State, the  Chairman of the JNC, Bayo Adejumo, said, “We have sent a letter to the state government. We have passed the directives of national body of joint negotiating council to the government. We are awaiting a response from government.”

                   

                  The Chief Press Secretary to the governor, Ismail Omipidan, did not respond to enquiries on the matter. He did not pick calls neither did he respond to a text sent to his mobile  phone.

                   

                  Plateau workers still waiting for govt – NLC

                  Also, the Plateau State chapter of the NLC said it was waiting for the state government to convene a meeting with its leaders.

                   

                  The state Chairman of the NLC, Mr Eugene Manji, said this in an interview with our correspondent in Jos on Monday.

                  He said,  “ We are still waiting for government to call us for a meeting. On our part, we are prepared as we have already set up our own committee that will meet with the government team but nobody has told us anything.”

                  The state Commissioner for Information, Mr Dan Manjan,  said that government was aware of the December 31 deadline given by labour.

                   

                  On his part, the Gombe State Secretary NLC, Shuaibu Chiroma, said the union had  written a letter to the state government.

                  Chiroma said  the state negotiation  committee had not been set up.  “If the committee is announced, are we sure we are going to reach the agreement before 31st of December?” he asked.

                   

                  We’re in the dark in Cross River State, says TUC

                  In  Cross River State,  the Chairman of the Trade Union Congress, Clarkson Otu, said,  “Everything is still in limbo” in the state.

                   

                  He said he doubted if the December 31 deadline would be feasible in Cross River State as negotiations had not started.”

                  Otu said, “They (government) haven’t given a date on when they will meet with labour. We have interacted with them at an  unofficial level. The office of the Head of Service was asked to constitute a committee. They said they are working on it.   We don’t know what is happening.”

                   

                  The Chief Press Secretary to Governor Ben Ayade, Christian Ita, had said the state government was on the same page with labour on the issue of minimum wage.

                   

                  We are waiting for gov – Kwara NLC

                  Investigations in Kwara State showed that the state government had yet to establish a negotiation committee on the new minimum wage.

                   

                  The NLC Deputy Chairman in the state, Alhaji Yusuf Salihu, who confirmed that the governor had yet to constitute a negotiation team, stated that the workers were optimistic that the government would implement the new minimum wage in the state.

                  All calls to the phone  of the Chief Press Secretary to the governor, Rafiu Ajakaye, were not picked neither did he respond to a text message sent to him on Monday.

                   

                  Anambra yet to constitute committee

                  The  Anambra State chapter of the NLC  told one of our correspondents that it  had written the state government to constitute a committee for the new minimum wage negotiation.

                   

                  The NLC  Chairman in the state, Jerry Nnubia,  said labour in the state had constituted its own negotiation committee.

                  He said, “We have constituted our own  committee in that respect and we have written the state government to constitute its own committee so that the negotiation will commence.

                   

                  “We are still waiting to hear from the government on that. We are hopeful that everything will work well.”

                   

                  We haven’t got response – Rivers workers

                  The Rivers State NLC Chairperson, Mrs Beatrice Itubu,  said she had sent a letter to the state government on the need to establish a negotiating committee.

                   

                  Itubu said, “They (state government) have not set up the negotiation team for the minimum wage. The NLC (at the national level) has already given an ultimatum. Like I said earlier; we have sent a letter to them.

                  “The SSG called and asked for those who are supposed to be in the committee, which we have told them. But up till now, we have not got any response.”

                   

                  Negotiation yet to start in Sokoto

                  In Sokoto State,the NLC Chairman, Umar Ahmed, told The PUNCH that the state government had yet to reach out to the union.

                   

                  He said, “Negotiations on the new minimum wage have not started in Sokoto. We even wrote a letter today, Monday, concerning this to the state government on the urgency the negotiations deserve.

                  “However, we want to give them the grace of this week till Friday to hear from them. We are hopeful that we would commence negotiations in earnest and be able to beat the December 31 deadline.”

                   

                  The NLC Chairman in Oyo State, Bayo Titilola-Sodo, said that the labour union in the state would meet on Tuesday (today) where workers would deliberate on the content of a letter with which to demand the implementation of the new minimum wage.

                  The labour leader said, “Although discussion has not started yet, government is auditing the state workforce and this affords us the opportunity to know the amount that is being spent on salaries every month. We shall both consider everything.”

                   

                  We’ll soon meet workers – Oyo govt

                  The Chief Press Secretary to Governor Seyi Makinde, Taiwo Adisa, confirmed that a meeting between the labour union in the state and the state government would be held soon.

                   

                  Benue negotiation committee to be inaugurated this week

                  Chairman of the NLC in Benue State, Godwin Anyan, said that the union had constituted its committee to meet with the state government.

                   

                  Anyan said that he had also been informed of the committee set up by government, adding that the negotiation team would be inaugurated before the end of this week.

                   

                  Ondo, labour unions meeting deadlocked

                  But a meeting between the Ondo State Government and labour on the new minimum wage was not successful.

                   

                  The meeting,  which was held at the office of the Head of Service of the state, was said to be inconclusive  as both parties were said to have disagreed on the consequential adjustments for workers at grade level 7-17.

                  The government’s team was led by the State Head of Service, Mr Dare Aragbaiye, while the labour side included the acting Chairman of the JNC, Mr Ilesanmi Oyesanmi; the Chairman of the NLC, Mr Sunday Adeleye, and the TUC  Chairman,  Mrs Helen Odofin.

                   

                  The NLC chairman, Adeleye, confirmed that  there  was no concrete agreement reached at the meeting. “We didn’t reach any agreement at the meeting, but the meeting has been adjourned till tomorrow ( Tuesday), so the negotiation continues,” Adeleye stated.

                   

                  The Chairman of the Enugu State JPSNC, Chukwuma Igbokwe, said the state negotiating council was set up on  December 8.

                  Igbokwe noted that Enugu might be the first state in the South-East  to implement the new minimum wage.

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