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President Muhammadu Buhari says a bill on the implementation of the new minimum wage would soon be sent to the National Assembly for passage, Punch reports. Buhari made this known while presenting the 2019 Budget before the joint session of the National Assembly on Wednesday.

The Deplorable State Of The Nigeria Mining Industry

The Nigerian economy is said to be losing huge fortunes due to the neglect of the mining sector by relevant authorities for decades. Major stakeholders in the sector like the Nigeria Extractive Industries Transparency Initiative (NEITI) and the Global Rights and Miners Association of Nigeria have also expressed worry over the development.

National Assembly workers under the umbrella of Parliamentary Staff Association of Nigeria (PASAN) have threatened to embark on a four day strike from Monday, a development that threatens the planned presentation of the 2019 budget proposal on Wednesday.

The Nigeria Labour Congress, NLC, has called on the Federal Government to pay the proposed new minimum wage before the 2019 elections or risk industrial action. The Chairman of NLC in Oyo State, Waheed Olojede made the position of Organized Labour known during the 2018 Pension Day celebration organised by pensioners in the state on Tuesday.

A Nigerian firm, Kian Smith Trade & Co Limited, yesterday announced that the Nation's first Gold Refinery would be completed by the end of the first half of 2019. The statement was made during the ground breaking ceremony of the project, at Mowe in Ogun State. 

The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its planned shutdown of depots across the country from loading petroleum product effective from 12midnight on Sunday, Dec, 09. The directive was issued by Mr. Olufemi Adewole the DAPPMA Executive secretary in a statement on Monday morning in Lagos made available to newsmen.

Mr, Ibe Kachiku, Minister of state for petroleum Resources said until the downstream sector of the Nigerian petroleum industry is liberalised and subsidy on petroleum product removed, Nigeria would continue to be greeted with unstable fuel supply challenge.

Silent Facts About The Minimum Wage

The last few months, the media has been awash with reports about the negotiation of a new national minimum wage.

The Vice President, Prof. Yemi Osinbajo on Wednesday said the Federal Government has so far disbursed more than N15 billion to over 1.5 million petty traders under the TraderMoni loan initiative nationwide, stressing that the move was an important part of the administration's economic policy.

The National leader of the All Progressive Congress (APC), Bola Ahmed Tinibu has challenge Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) over Halliburton scandal. The Economic and Financial Crime Commission (EFCC) has, over the years been investigating Halliburton, an American conglomerate company over $182m bribery scandal.

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