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Newspaper Headlines: Foreign reserves drop by $1.8bn in 10 weeks

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
June 4, 2024 7:00 am

Reports on the indefinite strike declared by organised labour suffuse the frontpages of the dailies. 

The Punch reports that organised labour may end its strike over the new minimum wage, after it reached an agreement with the federal government on Monday night. President Bola Tinubu said he is working hard to improve the quality of life in Nigeria, the newspaper says.
The Guardian reports that the indefinite strike declared by organised labour grounded activities in schools, airports, courts, and government agencies and ministries. The newspaper says the Nigerian Deposit Insurance Corporation (NDIC) has begun the liquidation of Heritage Bank.
THISDAY reports that Aliko Dangote, the Nigerian billionaire businessman, has disclosed that by the end of 2024, he expects the total revenue from his businesses to hit over $30 billion. The newspaper says organised labour has plunged the entire nation into total darkness after it shut down the national grid.
Vanguard reports that negotiations on a new minimum wage will resume today amid the indefinite strike declared by labour. The newspaper says the presidential committee on fiscal policy and tax reforms has recommended one percent for revenue collection.

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