Abdulwaheed Omar News
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Nigerian labor unions suspended strikes and protests in Africa’s top crude producer after President Goodluck Jonathan limited gasoline-price increases.
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Nigerian labor unions suspended protests while continuing a general strike over fuel subsidies in Africa’s top crude producer after President Goodluck Jonathan’s announcement of a gasoline-price cut fell short of their demands.
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Oil headed for its biggest weekly decline in a month on signs that the European Union may delay the enforcement of a ban on Iranian oil imports.
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Nigeria’s general strike entered its fifth day, threatening oil exports from Africa’s top producer, after President Goodluck Jonathan and labor leaders failed to end a dispute over fuel subsidies.
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Oil dropped the most in two weeks after a proposed European Union embargo of Iranian oil imports was said likely to be delayed for six months.
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State workers in Nigeria have issued the government with a two-week notice of their intention to strike over wages, according to Abdulwaheed Omar, president of the Nigerian Labour Congress, and Peter Esele, president of Trade Union Congress of Nigeria.
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Nigerian labor unions picketed the offices of Union Bank of Nigeria Plc to protest an alleged ban on trade unionism by the Lagos-based lender, said Owei Lakemfa, a spokesman for the Nigerian Labor Congress.
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Nigeria’s main labor union federation will start picketing branches of Union Bank of Nigeria Plc from Feb. 14 for banning workers from joining an affiliate of the association, Daily Trust reported.
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Union Bank of Nigeria Plc ended a dispute with the Nigerian Labor Congress over participation of employees in trade unionism, bank spokesman Francis Barde said.
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