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May Day: Benue workers demand payment of outstanding wages

The chairman of the Benue Nigeria Labour Congress, Terungwa Igbe, requested that the state government pay all back wages and pensions owed to employees. The Punch reported that Igbe, who bemoaned the state’s workers’ condition, made the plea at the state secretariat along Otukpo road rather than IBB square, where employees usually spend May Day. […]

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2nd May 2023
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220 Views

Fuel, electricity tariff cap costly, IMF warns Nigeria

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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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203 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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273 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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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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151 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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157 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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169 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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164 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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183 Views

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

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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
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194 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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298 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
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235 Views

Berger Paints H1 pre-tax profit hits ₦1.20bn on

Senator Natasha urges reciprocal visa measures for South

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South Africa proposes new $30 fee for ETA applicants

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May Day: Benue workers demand payment of outstanding wages

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

South Africa proposes new $30 fee for ETA.

Berger Paints H1 pre-tax profit hits ₦1.20bn on.

Senator Natasha urges reciprocal visa measures for South.

Samsung warns global RAM chip shortage could last.

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