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Market Digest Nigeria

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Nigerian Newspaper Headlines (21st October, 2019)

minimum wage

Punch Newspaper: Minimum wage: NLC state chairmen meet Tues, talks with govs begin

The state chairmen of the Nigeria Labour Congress will be meeting in Enugu tomorrow to discuss the implementation of the new minimum wage, this is coming immediately after they came to an agreement with the Federal Government. However workers in the various have said they will not accept anything lower than want their federal counterparts are receiving.

Guardian Newspaper: Confusion, anger as telcoms charge N4 for banking services

Nigerians have reacted to the extra N4 per second charge on Unstructured supplementary service date (USSD) service from telecoms. This reaction resulted from after major telecoms giant MTN sent a message to subscribers about the charge effective today. Although the minister of communications Dr. Isa Pantami has suspended the plan as he said the ministry was not aware of it, Nigerians are aggrieved by how the commercial banks and telecoms are ripping them off and providing very poor services in return.

Sun Newspaper:  Stress test: Banks in secret merger talks

Since the Central Bank of Nigeria made the announcement that banks have to recapitalize, there has been mergers and acquisitions talks going on secretly in the banking sector, especially amongst the seven banks that failed the mandatory stress test for adequate funding. This has caused depositors to be jittery as it concerns the future of these banks.

 

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