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The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...
With growing worker agitation over cost Of living allowances, the Department of Labour was established on 1 October 1942. It was headed by a Commissioner and two Labour Officers, and was charged with dealing with labour movement issues, ensuring the orderly development of Industrial Relations and enforcing protective legislations.
ABUJA (Reuters) -Nigeria's main labour unions on Friday said they had declared an indefinite strike from Monday after failing to agree a new minimum wage with the government. The Nigerian Labour ...
The Nigeria Union of Journalists (NUJ) urged Tinubu to address the dispute with the ASUU. [21] On 25 June 2024, 1,800 petrol stations were shut down in northeastern Nigeria, after the Independent Petroleum Marketers Association of Nigeria (IPMAN) began a strike in protest against an anti-smuggling operation by the Nigeria Customs Service (NCS).
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
Because real-time labor market information is scraped from employer, industry organizations, recruiters and job boards and interpreted using natural language text interpretation, it is intrinsically subject to mis-identifications, missed information, and duplications.
In 1978, the Nigeria Labour Congress was established, with the 42 industrial unions affiliated. It was to be the only legal trade union federation. [ 2 ] Its leadership included many of the leading figures from its four predecessors, with Wahab Goodluck becoming its founding president.