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FG and Labour Unions Agree on ₦70,000 Minimum Wage—Minister Announces

In his Democracy Day speech on June 12, 2024, the President had assured that an executive bill proposing the new national minimum wage for workers would soon be forwarded to the National Assembly for passage.

Bola Tinubu

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In a significant development for Nigerian workers, the Federal Government has reached an agreement with Organised Labour on a new minimum wage of ₦70,000. The announcement was made by the Minister of Information, Mohammed Idris, following a crucial meeting held in Abuja on Thursday.

The meeting, which included President Bola Tinubu and leaders from the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), resulted in the breakthrough decision. “We are happy to announce today (Thursday) that both the Organised Labour and the Federal Government have agreed on an increase on the ₦62,000 minimum wage. The new national minimum that Mr President is expected to submit to the National Assembly is ₦70,000,” said a visibly elated Idris to the State House correspondents.

The announcement was further endorsed by the presence of notable figures such as NLC President Joe Ajaero, TUC boss Festus Osifo, and Labour Minister Nkiruka Onyejeocha. These officials flanked the minister as he broke the news.

Joe Ajaero confirmed this agreement, stating, “₦70,000 was where we were on the issue of the minimum wage.” He emphasized that the minimum wage is set to be reviewed every three years, moving away from the erstwhile five-year period. “What they have announced in terms of the amount of ₦70,000 happens to be where we are now. But we will not wait for another five years to come and agree,” Ajaero reiterated.

In turn, Onyejeocha revealed that President Tinubu has instructed the Ministers of Finance and Budget, Wale Edun and Atiku Bagudu, to devise strategies to address ongoing disputes, particularly concerning the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU).

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This landmark agreement follows a prolonged series of discussions between labour leaders and the President over recent weeks, succeeding months of unproductive negotiations with a tripartite committee on the minimum wage, constituted by President Tinubu in January.

The tripartite committee, encompassing representatives from state and federal governments and the Organised Private Sector, had proposed ₦62,000. However, labour unions had staunchly demanded ₦250,000, recognizing the current ₦30,000 wage as unsustainable given the country’s economic conditions, including inflation and the high cost of living spurred by the removal of the petrol subsidy.

During last Thursday’s meeting, Tinubu called for realistic expectations regarding the minimum wage, saying, “You have to cut your coat according to available cloth. Before we can finalize the minimum wage process, we have to look at the structure.”

In his Democracy Day speech on June 12, 2024, the President had assured that an executive bill proposing the new national minimum wage for workers would soon be forwarded to the National Assembly for passage.

Confirming this on Thursday, the information minister stated that the ₦70,000 “agreed” amount would be communicated to the National Assembly in the coming days, signaling a prompt follow-up to the decision reached.

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NNPP Defection to APC in Kano: 650 Members Cite Tinubu’s Leadership as Reason

NNPP Defection to APC – In a major political realignment, 650 members of the NNPP defected to the APC in Kano State, praising President Bola Tinubu’s leadership and the party’s commitment to fairness and inclusiveness.

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October 31, 2025

The NNPP Defection to APC in Kano State has seen no fewer than 650 members of the New Nigeria Peoples Party (NNPP) joining the All Progressives Congress (APC) across Gobirawa Ward in Dala Local Government Area and parts of Fagge and Ungoggo LGAs.

The defectors, who came in groups under different leadership structures, were formally received by the Managing Director of the Hadejia-Jama’are River Basin Development Authority, Rabiu Bichi.

Bichi welcomed the new members, describing the NNPP Defection to APC as a clear sign of confidence in President Bola Tinubu’s leadership and the APC’s commitment to fairness, inclusiveness, and democratic dividends.

He highlighted the achievements of the Renewed Hope Agenda, including the students’ loan scheme, agricultural reforms, and youth and women empowerment initiatives, as key drivers of the NNPP Defection to APC movement.

Bichi added that his agency is working with the Bank of Agriculture to provide soft loans to farmers to boost food security and support rural livelihoods. He assured the defectors of equal rights and privileges with existing APC members, reaffirming the party’s dedication to fairness, equity, and national development.

Speaking on behalf of the defectors, Alhaji Ahmad Gobirawa said the NNPP Defection to APC was motivated by the visible progress made under President Tinubu’s administration in less than two years in office.

He stated that the move would further strengthen the APC’s support base in Kano and across northern Nigeria.

The event, which drew party stalwarts, community leaders, and youth groups, was hailed as a major political milestone for the APC in Kano, underscoring its renewed grassroots mobilization efforts across the state.

Political observers described the NNPP Defection to APC as a significant boost for the ruling party ahead of future elections, reflecting growing confidence in President Tinubu’s leadership and the APC’s governance record. Visit http://gmtnewsng.com for more news.

 

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NGX Group Declares N1 Interim Dividend to Reward Shareholders

The Nigerian Exchange Group (NGX Group) has announced a N1 interim dividend per share following the approval of its Q3 2025 unaudited financial results, reaffirming its commitment to shareholder value and growth.

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October 31, 2025

The NGX Group Interim Dividend has been declared by the Nigerian Exchange Group Plc (NGX Group), rewarding shareholders with N1.00 per ordinary share of 50 kobo each.

The announcement follows the approval of the company’s unaudited financial statements for the third quarter ended September 30, 2025. According to a statement released on Thursday, the decision was ratified at the meeting of the company’s Board of Directors.

The NGX Group Interim Dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, November 7, 2025, while electronic payments will be processed on Tuesday, November 18, 2025.

The Group described the declaration as another milestone in its consistent dividend payment history, emphasizing its commitment to investor confidence and value creation.

According to the statement, the NGX Group Interim Dividend reflects the Board’s confidence in the company’s profitability, resilience, and long-term growth prospects.

Commenting on the dividend declaration, the Chairman of NGX Group, Dr. Umaru Kwairanga, stated:

“The declaration of this interim dividend reaffirms the Board’s confidence in NGX Group’s solid fundamentals and long-term growth outlook. We have maintained a consistent dividend track record that reflects our unwavering commitment to shareholder value. This payment recognizes our investors’ trust and underscores our focus on delivering sustainable returns through disciplined execution and strategic growth.”

Also speaking, the Group Managing Director of NGX Group, Temi Popoola, noted that the NGX Group Interim Dividend reflects strong financial discipline and prudent capital management.

“Our commitment to shareholders is at the heart of every strategic decision we make. This dividend demonstrates our financial strength, consistent profitability, and prudent capital allocation. As we advance our growth agenda, we will continue to unlock opportunities across our ecosystem, reinforcing NGX Group’s position as a trusted driver of capital market prosperity in Africa.”

The NGX Group Interim Dividend highlights the organization’s dedication to transparent governance, financial stability, and sustainable value creation for its investors. Visit http://gmtnewsng.com for more news.

 

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Chief of Army Staff Maj.-Gen. Waidi Shaibu Vows to Crush Terrorism and Insecurity

Chief of Army Staff, Maj.-Gen. Waidi Shaibu, has pledged to confront terrorism, strengthen national security, and enhance professionalism within the Nigerian Army after assuming office as the 25th Army Chief.

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Date: October 30, 2025

The new Chief of Army Staff (COAS), Maj.-Gen. Waidi Shaibu, has vowed to confront terrorism and other security threats across the country head-on.

Shaibu made the declaration on Thursday in Abuja shortly after assuming command as the 25th Chief of Army Staff from his predecessor, Lt.-Gen. Olufemi Oluyede, who has been appointed the new Chief of Defence Staff.

The Chief of Army Staff pledged to make the Nigerian Army more agile, professional, and combat-ready to restore lasting peace and stability nationwide.

He acknowledged that the country was passing through challenging times but assured that under his leadership, the Chief of Army Staff’s office would respond decisively and effectively to all emerging threats.

“We are aware of the developing situations in parts of our dear country that have caused hardship, fear, and displacement among law-abiding citizens. These situations are unacceptable and will receive my urgent attention. I will carefully review ongoing operations and adopt strategies to mitigate and ultimately defeat the threats. I assure Mr. President and Nigerians that we shall not disappoint the nation,” Shaibu said.

Maj.-Gen. Shaibu also promised to build on the achievements recorded under Lt.-Gen. Oluyede, noting that the outgoing Chief of Army Staff had made remarkable progress in equipment procurement, infrastructure, and troops’ welfare.

He pledged to deepen the “soldier-first” philosophy introduced by his predecessor while promoting professionalism, discipline, and stronger synergy with other security agencies.

Earlier, the outgoing Chief of Army Staff, Lt.-Gen. Oluyede, expressed appreciation to President Bola Tinubu for the opportunity to serve, stating that the Army under his leadership made significant strides in both operations and administration.

Oluyede commended officers and soldiers for their loyalty, discipline, and courage, urging them to extend the same support and commitment to the new Chief of Army Staff.

“As I move to my next appointment, I urge you to give even greater loyalty and commitment to Maj.-Gen. Shaibu, who is a thoroughbred officer with exceptional experience,” Oluyede said.

He reaffirmed his confidence in the Nigerian Army’s capacity to safeguard the nation’s territorial integrity, stressing that the goal of a secure and united Nigeria remains a collective responsibility.

In his remarks, the Chief of Policy and Plans (Army), Maj.-Gen. Abdulsalami Ibrahim, lauded the outgoing Chief of Army Staff for prioritizing troops’ welfare and professionalism, noting that his tenure would remain a model of empathy and effective leadership. Visit http://gmtnewsng.com for more news.

 

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