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Fuel, electricity tariff cap costly, IMF warns Nigeria

Sub-saharan Africa risks losing $10bn in foreign investment — IMF

The International Monetary Fund has warned that if geopolitical tension persists, sub-Saharan African nations could lose $10 billion in foreign direct investments as well as market access. Nairametrics reported that according to IMF, in an essay that was released on May 1st, countries in sub-Saharan Africa would be hurt by rising import costs or would even lose access to important […]

bfatoyepdnlimited-com
2nd May 2023
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158 Views

Business

Aba power restored after 10-days disconnection from national grid

Aba Power was reconnected to the national transmission grid on Monday after being disconnected for 10 days due to inability to pay the government firm that transfers power. According to Business Day, a division of the Transmission Company of Nigeria issued a 30-day notice to the Company on April 19 to clear a debt of […]

oojopdnlimited-com
1st May 2023
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229 Views

Pension remittances: 20 firms default, pay N211.5m penalty

Business

Economy development necessary for Nigeria’s pension growth – Experts

Experts at FBNQuest have said that strong economic growth and the creation of jobs will be necessary for Nigeria’s anticipated pension sector penetration and growth. According to BusinessDay, they stressed that while raising awareness of the advantages of retirement planning is important, strong economic growth is a vital driver of employment and pension increase. […]

oojopdnlimited-com
1st May 2023
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165 Views

Focus on agriculture in fight against poverty - Agric expert tells Tinubu

News

May Day: Your fight will be my fight, Tinubu tells Nigerians

Bola Ahmed Tinubu, the incoming president of Nigeria, has vowed to fight for Nigerians and implement a decent wage for employees in the country. “I will always fight for you, so your battle will be my battle. My Renewed Hope Agenda for A Better Nigeria outlines my objectives for improved welfare and working circumstances. It is a […]

bfatoyepdnlimited-com
1st May 2023
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117 Views

Business

Nigeria’s industrial employment dropped 21% in 2022 – MAN

The manufacturing industry in Nigeria, Manufacturers Association of Nigeria, experienced a fall in direct employment creation of 20.8 per cent in the second half of 2022. According to MAN’s most recent half-yearly evaluation of the economy, accessed by Business Day, manufacturing employment decreased to 6,741 down in the second half of 2022 from 8,508 and […]

oojopdnlimited-com
1st May 2023
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130 Views

Opinion

May Day: I’ve become ‘odd man’ enforcing labour laws, says Ngige

By Wilson Adekumola The Minister of Labour and Employment, Senator Chris Ngige, has disclosed that he has become an odd man by trying to enforce section 43 of the Trade Dispute Act. According to Vanguard, the minister made this disclosure while speaking on Labour laws among other issues on Arise Television’s Morning Show […]

aadelekepdnlimited-com
1st May 2023
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117 Views

Business

FG expresses concern over N4tn debt owed by several companies

A Federal Government agency, Asset Management Corporation of Nigeria has requested assistance from stakeholders in order to recover N4 trillion in debt owed by businesses and other private organizations in Nigeria. Daily Post reported that this was revealed over the weekend in Lagos to stakeholders and external solicitors by AMCON’s managing director, Mr Ahmed […]

oojopdnlimited-com
1st May 2023
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117 Views

Business

Nigeria must address food inflation before subsidy removal – Budgit

The Chief Executive Officer of a Nigerian civic group, Budgit Oluseun Onigbinde, has stated that the first thing the new administration needs to pay attention to is tackling inflation. The CEO said this in an interview with Channels TV on April 30 during which he asserts that the government must find a solution to stop […]

oojopdnlimited-com
1st May 2023
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143 Views

Minister of Aviation, Hadi Sirika, during a State House Briefing in Aso Villa

Business featured

May Day: Union advises the aviation minister to prepare handover note

The Minister of Aviation, Sen. Hadi Sirika, has received counsel to emulate other ministers by preparing his handover note to the Permanent Secretary in the ministry as opposed to pursuing his roadmap agenda at the end of the current administration. Nairametrics reported that the President of the National Union of Air Transport Employees, Comrade Ben […]

oojopdnlimited-com
1st May 2023
0 Comments
155 Views

Electricity

TCN to reconnect defaulting DisCos as power minister intervenes

The Transmission Company of Nigeria says it will reconnect the three electricity distribution companies earlier disconnected from the national grid for non-compliance with market rules. The three defaulting DisCos, Kano DisCo, Kaduna Electric and APLE Electric were disconnected by the TCN, leaving residents in their coverage areas to suffer total darkness for days. […]

aadelekepdnlimited-com
1st May 2023
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239 Views

Maritime workers threaten strike over proposed revenue deduction

Business featured

Stakeholders reject $250 surcharge on Nigeria-bound cargoes

Stakeholders in Nigeria’s maritime sector have expressed their disagreement with the French shipping firm, CMA CGM’s new overweight cargo surcharge. According to The Punch, the surcharge of $250 per TEU on dry containers weighing 18 tons or more from China, Southeast Asia, North East Asia, and the East Coast of India to Nigerian ports […]

oojopdnlimited-com
1st May 2023
0 Comments
197 Views

Telecommunications

Telecom workers threaten to embark on three-day strike

Bisola David Huawei Technologies Company Limited has been served with a three-day warning strike notice by the Private Telecommunications and Communications Senior Staff Association of Nigeria due to suspected anti-labor activities. Huawei is a major supplier of smart products and ICT infrastructure worldwide. In a letter to the company, the general secretary of […]

aadelekepdnlimited-com
30th April 2023
0 Comments
193 Views

Trump lifts UK whisky tariffs ‘in honor’ of

Tax reforms raise demand for skilled, ethical professionals

Tinubu nominates Joseph Tegbe as Minister of Power

NRS launches Rev360 platform to modernise tax collection

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Some Populer Post

‘Ant-Man’ star Evangeline Lilly slams Disney over massive Marvel

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Sub-saharan Africa risks losing $10bn in foreign investment — IMF

Aba power restored after 10-days disconnection from national grid

Economy development necessary for Nigeria’s pension growth – Experts

May Day: Your fight will be my fight, Tinubu tells Nigerians

Nigeria’s industrial employment dropped 21% in 2022 – MAN

May Day: I’ve become ‘odd man’ enforcing labour laws, says Ngige

FG expresses concern over N4tn debt owed by several companies

Nigeria must address food inflation before subsidy removal – Budgit

May Day: Union advises the aviation minister to prepare handover note

TCN to reconnect defaulting DisCos as power minister intervenes

Stakeholders reject $250 surcharge on Nigeria-bound cargoes

Telecom workers threaten to embark on three-day strike

‘Ant-Man’ star Evangeline Lilly slams Disney over massive.

ICYMI: Lagos socialite ‘Ariket’ bags 15 years sentence.

Oil rises as White House cites Iran ceasefire.

Trump lifts UK whisky tariffs ‘in honor’ of.

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