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Business & Finance

Workers to know new minimum wage in August – TUC

The President of the Trade Union Congress of Nigeria (TUC) Mr Bobboi Kaigama, announced on Wednesday that a new amount agreed on by the Federal Government and labour to serve as Nigeria’s new minimum wage would be announced next month. Bobboi, who made the disclosure in an interview with the labour correspondent of the News Agency of Nigeria (NAN) in ... Read More »

Workers shut ExxonMobil HQs for sacking 860 Nigerians

The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without entitlement. The workers besieged the office of the oil company, protesting the sacking of workers, mainly Nigerians, on Tuesday in Lagos. The protesters accused the company of sacking the 860 Nigerian workers most of whom had worked with ... Read More »

Nigeria’s Dangote remains Africa’s richest man

The President of the Dangote Group, Alhaji Aliko Dangote, has retained his position as Africa’s richest man. He has a $12.4 billion networth. These figures were released on Forbes The report showed that despite losing $1.7 billion in few months, Dangote has remained a strong brand, retaining his position as Africa’s richest man. Also, listed by Forbes is the Chairman ... Read More »

NBS seeks cooperation of respondents on MSMEs survey

  The Statistician-General of the Federation, Dr Yemi Kale, has appealed to all selected respondents to provide information for the ongoing Micro, Small and Medium Enterprises (MSMEs) survey in the country. The survey is being carried out by the National Bureau of Statistics (NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to boost economic ... Read More »

National Carrier: Nigeria begins negotiation with Airbus, others

Ahead of the proposed unveiling of Nigeria’s National carrier, the Minister of State for Aviation, Hadi Sirika, has commenced negotiations with aircraft manufacturers and investors at the ongoing Farnborough International Air Show in the United Kingdom (UK). Sirika explained in a statement issued by Mr James Odaudu, Deputy Director, Media and Public Affairs, that the Nigerian delegation which he led, had ... Read More »

Nigeria, France in $475m deal

Nigeria and France on Tuesday in Abuja signed three agreements worth US$475 million on social amenities and reforestation. The agreements cover Urban Mobility Improvement Programme of Lagos State, sustainable water supply in Kano city and reforestation in Ogun. President Muhammadu Buhari and the visiting French President Emmanuel Macron witnessed the signing of the agreements during their bilateral talks held at ... Read More »

Shareholders commend Transcorp on electric power in Nigeria

  Lanre Oyetade   Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have commended the Board and management for Transcorp’s impressive contribution to transforming the Nigerian power sector, through its power subsidiary, Transcorp Power. The commendations were received at the 12th Annual General Meeting of Transcorp, held on April 30th 2018, at Oriental Hotel, Victoria Island, Lagos.   The shareholders were responding to Transcorp’s ... Read More »

Landslide: Ecobank bags 3 awards at 2018 Asian Banker Awards

Ecobank Transnational Incorporated (ETI) and its two affiliate countries – Nigeria and Ghana – have emerged winners in three strategic categories of The Asian Banker – West Africa Awards 2018. The annual awards saw ETI winning the Best Financial Inclusion Initiative Application or Programme with its innovative Xpress Account, while Ecobank Nigeria carted home the Best Transaction Bank in Nigeria, ... Read More »

Construction of Abuja Airport’s second runway to gulp N67bn – Minister

The Minister of State, Aviation, Sen. Hadi Sirika, says the construction of the second runway for the Nnamdi Azikiwe International Airport, Abuja will gulp N67 billion. Sirika made the disclosure at the ministry’s 2018 budget defence before the Joint House of Representatives Committees on Land Transport, Maritime Safety and Administration, Ports Harbour and Water-Ways and Aviation on Thursday in Abuja. ... Read More »

How Chinese businessman concealed $300,000 at Abuja Airport – Witnesses

The trial of Li Yanping, a Chinese national who is facing a one-count charge of money laundering for concealing $300,000 began on Tuesday with the Economic and Financial Crimes Commission, EFCC, presenting three witnesses. Yanping, who was arraigned on March 28, 2018 before Justice Babatunde Quadri of the Federal High Court, Abuja, was arrested on March 15, 2018 at the ... Read More »