• NLC, TUC suspends nationwide strike
• Nigeria’s food inflation rises to 27.33% in October
• Saudi Arabia gives reason for visa cancellation of 177 Nigerians
• Naira falls against US Dollar at ₦1,114/$ in the parallel market
• FG prioritises job creation by establishing industrial hubs

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss.

NLC, TUC suspends nationwide strike

The Organised Union comprising Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have suspended the strike after a joint National Executive Council Meeting held on Wednesday 15.

The NLC and TUC had initially embarked on a nationwide strike to combat the unlawful and brutal treatment of the NLC president, Joe Ajaero.

Following the meeting, the two labour unions have instructed all workers to resume their professions effective November 16.

Nigeria’s food inflation rises to 27.33% in October

The cost of living in Nigeria has summarily only risen but never dropped as the prices of food products, among other things, keep increasing, causing food inflation.

The latest report from the National Bureau of Statistics revealed that food inflation rose to 27.33% in October, compared to 26.72% in September.

Saudi Arabia gives reason for visa cancellation of 177 Nigerians

On November 13, the Saudi Arabian authorities refused entry to 177 Nigerian flight passengers who had flown from Lagos and Kano to Jeddah, demanding they be deported to their country.

On November 15, the royal family revealed why such an order was carried out on Nigerians and other countries.

According to the statement released by the Royal Embassy of Saudi Arabia in Abuja, the rejected 177 passengers were denied entry into the kingdom as they did not fully meet the requirements requested.

“The passengers, who were denied entry and subsequently deported to their initial destinations, did not fulfil the entry conditions and requirements by the applicable rules and regulations of the Kingdom, as they submitted incorrect information to obtain a category of visa that does not apply to them, which was discovered upon their arrival.” the statement read.

Naira falls against US Dollar at ₦1,114/$ in the parallel market

The Naira has resumed its depreciation against the dollar as it falls to ₦1,114/$ at the black market despite the vow made by Saudi Arabia to help with its foreign exchange (forex).

The Nigerian currency has witnessed a lot of highs and lows in recent weeks and is expected to drop below ₦900/$ after the CBN cleared its backlog and the promise of the Saudi Arabian government.

FG prioritises job creation by establishing industrial hubs

The Nigerian government stated that it would develop industrial hubs to hasten job opportunities in combat against the unemployment ratio in the country.

The president of Nigeria, Bola Tinubu, made this statement at the 55th International Conference of the Chartered Institute of Personnel Management on November 15.

Represented by Minister of State for Labour and Employment, Nkiru Onyejeocha, he claimed that his regime is focused on driving Nigeria into a self-reliant and independent nation.