Staff Strength
Strike: Kaduna government, NLC reach agreement
The Kaduna State Government and the Nigeria Labour Congress have reached an agreement on the plan by the state government to lay off workers. The NLC has since Monday led workers to protest against the plan by the Kaduna government to lay off the workers. The late Thursday agreement between the two parties was brokered by the federal government in Abuja. Part of the agreement was that the Kaduna government will follow due process and the “principle of redundancy,” as stipulated in Section 20 of the Labour Act, in its Public Service Revitalization and Renewal Programme, which is expected to lead to the retrenchment and sack of workers. The parties also agreed that the Nigeria Labour Congress (NLC) twill no longer continue with its industrial action while no worker shall be victimized by the...
NBS: N319.99 trillion e-payments recorded in Q3 2020
A total volume of 2,781,526,188 transactions valued at N319.99trn was recorded in the third quarter of this year based on data on electronic payment channels in the Nigeria banking sector, the Nigerian Bureau of Statistics has said. It disclosed this in its latest Selected Banking Sector Data which focused on sectorial breakdown of credit, e-payment channels and staff strength of Deposit Money Banks. The bureau said Real Time Gross Settlement transfers dominated the volume of transactions recorded. RTGS systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a real-time and on a gross basis. The NBS said 1,799,199 volume of online transfer transactions valued at N116.06trn were recorded in Q3 2020. In terms of c...
