August 2011. Earlier this year, President Goodluck Jonathan signed into law the ‘Minimum Wage Act’, to pave the way for the implementation of NGN 18, 000 wage for Nigerian workers. The signing of the Act followed earlier agitation by organized labour, which argued that the previous minimum wage was insufficient to cater for workers’ basic …
Month: August 2011
August 2011. As a follow up of the draft framework for Islamic banking issued in March 2009 by the Central Bank of Nigeria, the CBN issued final guidelines pertaining to Islamic banking in June this year. The CBN stated that the introduction of Islamic banking in the Country is part of its drive to stimulate …