NEWS
Unstable Naira Makes ₦1m Salary Worthless — NLC
The Nigeria Labour Congress (NLC) has warned that a monthly salary of ₦1 million has become practically worthless to Nigerian workers due to the continued instability of the naira and rising inflation.
NLC President, Joe Ajaero, made this known on Tuesday in Abuja during an interview with the News Agency of Nigeria (NAN), where he expressed concern over the declining purchasing power of workers across the country.
According to Ajaero, the focus of organised labour is not just on increasing wages, but on ensuring that the value of the naira is strong enough to sustain workers and their families.
SEE ALSO: May Day: NLC Plans Nationwide Protests Over Unpaid Minimum Wage
“Even if Nigerian workers earn ₦1 million, it will not be meaningful if the naira has no value,” he said. “What we need is a stable currency that can carry workers through the month.”
He lamented that the persistent rise in the cost of living has made it increasingly difficult for Nigerians to afford basic necessities, including food, transportation and housing.
The NLC boss noted that the ongoing discussions surrounding a new national minimum wage must follow due legal process and cannot be rushed.
“The minimum wage has not been negotiated yet. It is governed by law and tied to a review cycle. When the time comes, we will begin the process ahead of its expiration,” Ajaero explained.
He called on the federal government to take urgent steps to cushion the impact of inflation, stressing that current economic conditions have worsened the hardship faced by workers.
Ajaero also linked the growing economic pressure to rising fuel prices, which he said have significantly increased transportation costs and driven up food prices nationwide.
“We raised concerns when global factors began to affect local fuel prices, but unfortunately, the situation has not improved,” he said.
The labour leader further emphasised the need for Nigeria to build a resilient energy policy that can shield the country from external economic shocks.
“It is not ideal that developments in other parts of the world automatically translate into hardship for Nigerians. We must create systems that protect our economy,” he added.
On pension matters, Ajaero raised concerns about the emergence of multiple pension unions, warning that the development has created confusion within the system.
He disclosed that the NLC is engaging stakeholders to address the issue and ensure proper coordination, particularly in the areas of deductions and remittances.
Speaking ahead of the upcoming Workers’ Day celebration, Ajaero revealed that any protest actions would be limited to states that have not fully implemented the approved minimum wage.
“Any protest will not be nationwide. It will only take place in states that have failed to comply with the minimum wage implementation,” he clarified.
He, however, acknowledged that while many states have complied, some are yet to fully implement the policy, especially at the local government level and in the education sector.
He also pointed out issues with consequential salary adjustments, noting that some states are paying only the minimum wage without properly adjusting other salary structures.
“These are technical issues we must address. We will assess compliance levels before May Day,” he said.
Ajaero reaffirmed the commitment of the NLC to continue advocating for policies that will improve workers’ welfare and ensure economic stability.
He also commended the federal government for reviewing peculiar allowances and approving a 100 per cent duty tour allowance for civil servants, expressing hope that the measures will be effectively implemented.
NEWS
Dangote Group Slams False Claims on Refinery Financing, ‘Rift’ with Elumelu
The Dangote Group has dismissed as false and malicious a publication alleging that its President, Aliko Dangote, distanced himself from Tony Elumelu, describing the report as entirely baseless.
This was detailed in a statement issued by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company said neither Dangote nor the Group made the claims attributed to them, stressing that the publication misrepresents both personal and corporate positions.
The Group also rejected assertions that the Dangote Petroleum Refinery was financed through personal borrowing from friends, describing the claims as inaccurate and a deliberate misrepresentation of facts.
“As a matter of principle, Aliko Dangote neither finances his projects through personal borrowing from friends nor engages in lending arrangements of that nature,” the statement said, adding that any such claims must be supported by verifiable evidence.
The Dangote Group further clarified that there is no rift between Dangote and Elumelu, noting that both business leaders maintain a longstanding and cordial relationship.
ALSO READ: Dangote Refinery Recalls Redeployed Engineers
The company also raised concern over a growing pattern of fabricated statements and the unauthorised use of Dangote’s name, likeness and image in AI generated advertisements and other misleading content, warning that such actions pose reputational risks and may constitute fraud.
It cautioned individuals and platforms involved in the creation and dissemination of false information to desist immediately, adding that it would pursue appropriate legal action where necessary to protect its reputation and that of its leadership.
The Dangote Group reaffirmed its commitment to the highest standards of integrity while continuing to drive industrialisation, economic self sufficiency, and sustainable development across Africa.
NEWS
Fear Grips Oyo Community as Gunmen Kidnap 60-Year-Old Trader
Panic has spread through Monatan community in Lagelu Local Government Area of Oyo State following the abduction of a 60-year-old building materials trader by suspected armed men.
The incident occurred on Saturday night along the Jinarere axis of Alakia Road in Ibadan when the victim was intercepted by four masked gunmen while returning home at about 8:47 pm.
The attackers reportedly operated in an unregistered ash-coloured Toyota Corolla before forcefully whisking the victim away to an unknown destination.
ALSO READ: Horror in Kogi: Gunmen Abduct 24 Pupils in Orphanage Raid, 15 Rescued
Confirming the incident, the spokesperson for the state police command, Olayinka Ayanlade, said the matter was reported on May 2, 2026, and that security operatives had already begun rescue efforts.
He stated: “I can confirm that there was a case of abduction reported on May 2, 2026, at about 2047hrs from the Monatan area of Ibadan. Preliminary information reveals that the victim, a 60-year-old male building materials trader, was accosted while returning home along the Jinarere axis of Alakia Road by four masked armed men, who forcefully whisked him away in an unregistered ash-coloured Toyota Corolla vehicle. Upon receipt of the report, police operatives swiftly visited the scene and activated necessary operational measures aimed at rescuing the victim and apprehending the perpetrators.”
Residents of the area have expressed fear over rising insecurity, urging authorities to intensify surveillance and prevent further attacks.
Security agencies assured that efforts are ongoing to rescue the victim and arrest those responsible.
NEWS
FG Blasts South Africa Over Attacks on Nigerians, Summons Diplomat
The Federal Government of Nigeria has strongly condemned the rising wave of attacks on its citizens in South Africa, summoning the country’s top diplomat in Abuja over what it described as persistent xenophobic violence.
The move follows recent incidents in which Nigerians were reportedly targeted, including the killing of one citizen and injuries sustained by others in separate attacks by unidentified gunmen.
The government said the pattern of violence has become alarming and unacceptable.
SEE ALSO: HURIWA Saddened at 131% Surge in Air Peace, United Nigeria Airfares to Southeast
Spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, confirmed that South Africa’s acting high commissioner has been invited for urgent discussions.
According to him, the meeting will address “documented cases of maltreatment of Nigerian citizens and attacks on their businesses.”
Nigeria’s action comes amid growing continental concern over the safety of foreign nationals in South Africa, where repeated outbreaks of xenophobic violence have been recorded over the years.
Similarly, Ghana recently summoned South Africa’s envoy in Accra following reports of harassment and intimidation of its citizens.
Ghana’s Foreign Minister, Samuel Okudzeto Ablakwa, disclosed that a Ghanaian resident was confronted and asked to leave South Africa in a recent incident, heightening fears among migrants.
South Africa remains one of Africa’s top destinations for migrants due to its relatively advanced economy.
However, high unemployment and economic challenges have often fueled resentment against foreigners, leading to periodic violence.
Reacting to the development, South Africa’s acting police minister, Firoz Cachalia, condemned the attacks, stating that such actions are unlawful and contrary to the country’s constitutional values.
He assured that security agencies have been directed to act decisively against perpetrators, emphasizing that xenophobia, violence, and intimidation will not be tolerated.
The Nigerian government has reiterated its commitment to protecting its citizens abroad, warning that it will continue to engage diplomatically until the safety and rights of Nigerians in South Africa are fully guaranteed.





