The BBC is reporting that the Nigerian Industrial Court has stopped the Nigerian Labour Congress from embarking on nationwide strike on Wednesday over the 67% increase in petrol prices.
This followed a law suit filed against the unions by the federal government.
The court prevented the labour unions from going on strike pending the conclusion of the case.
But talks to head off the industrial action are still scheduled for today.
The Nigeria Labour Congress has called the increase in the petrol price “criminal”.
Source: BBC
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.