Business - Page 108

Minimum Wage Debate: NECA Warns Of Business Collapse Over N400,000 Demand

Minimum Wage Debate: NECA Warns Labour Union Of Business Collapse Over N400,000 Demand

The Director-General of the Nigeria Employers’ Consultative Association (NECA), Mr. Adewale-Smatt Oyerinde, has called on organized labour to reconsider their demand for a N400,000 minimum wage, cautioning that it could lead to

Emmanuel Ochayi

6 months ago

Business·Latest News

Nigeria’s GDP Growth Dips By 2.98% For Q1 2024- NBS Reveals

The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 2.98% in the first quarter (Q1) of 2024. This marks a slight decline from the 3.46%

Emmanuel Ochayi

6 months ago

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·Latest News

International Consumers Owe Nigeria Over $51M For Electricity, Says Nigerian Government

International consumers owe Nigeria over $51 million for electricity exported to them in 2023, according to the latest data from the Federal Government. This non-payment, covering various quarters of the year, has

Emmanuel Ochayi

6 months ago

Business·Latest News

Adopt Concrete Road Construction Over Asphalt- Dangote Urges Nigerian Govt

Aliko Dangote, President of Dangote Industries Limited, has called on the Federal Government to replace asphalt roads with concrete roads, emphasizing their durability and cost-effectiveness. Speaking at the commissioning of the Apapa-Oworonshoki

Emmanuel Ochayi

6 months ago

Business

UBA Shareholders Approve Recapitalisation Plan, Applaud 2023 Financial Performance

United Bank for Africa (UBA) Plc, shareholders have approved proposal to increase capital base of the bank in line with CBN’s recapitalisation directive. The shareholders equally praised the board, management and staff

Admin

6 months ago

Business·Latest News

Workers React As Obaseki Pays N70,000 New Minimum Wage

The Edo State Government has implemented the N70,000 minimum wage for its workers, fulfilling a promise made by Governor Godwin Obaseki. This increase, effective from May 2024, was announced during the commissioning

Emmanuel Ochayi

6 months ago

Business·Latest News

CBN’s Independence Under Threat As Senate Proposes Amendments

The Nigerian Senate’s proposed amendments to the Central Bank of Nigeria (CBN) Act of 2007 have sparked a heated debate. The amendments, which aim to introduce stricter controls over the CBN’s operations,

Emmanuel Ochayi

6 months ago

Business·Latest News

Central Securities Pays N7.5bn Dividends To Shareholders As Gross Earnings Increase By 65.2% In 2023

Central Securities Clearing System (CSCS) Plc recorded an impressive performance in year ended December 31, 2023 across key financial metrics.

Victor Ezeja

6 months ago

AfDB Announces $1.44 Billion Investment In Nigeria's Infrastructure

Africa·Business·Latest News

AfDB Announces $1.44 Billion Investment To Support Nigeria’s Infrastructure Development

The African Development Bank (AfDB) has committed $1.44 billion to boost Nigeria’s infrastructure. This investment will target the energy, power, transport, water, and sanitation sectors, as announced at the Nasarawa Investment Summit

Emmanuel Ochayi

6 months ago

NLC To Embark On Warning Strike On Tuesday

Business·Latest News

Minimum Wage: NLC Denies N100,000 Agreement, Plans Next Move

In response to reports, the Nigeria Labour Congress (NLC) has denied settling on an N100,000 minimum wage. Speaking to PrimeBusiness Africa on Saturday, an NLC official dismissed the rumors as “fake news”

Emmanuel Ochayi

6 months ago

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Business - Page 108

Minimum Wage Debate: NECA Warns Labour Union Of Business Collapse Over N400,000 Demand

Nigeria’s GDP Growth Dips By 2.98% For Q1 2024- NBS Reveals

International Consumers Owe Nigeria Over $51M For Electricity, Says Nigerian Government

Adopt Concrete Road Construction Over Asphalt- Dangote Urges Nigerian Govt

UBA Shareholders Approve Recapitalisation Plan, Applaud 2023 Financial Performance

Workers React As Obaseki Pays N70,000 New Minimum Wage

CBN’s Independence Under Threat As Senate Proposes Amendments

Central Securities Pays N7.5bn Dividends To Shareholders As Gross Earnings Increase By 65.2% In 2023

AfDB Announces $1.44 Billion Investment To Support Nigeria’s Infrastructure Development

Minimum Wage: NLC Denies N100,000 Agreement, Plans Next Move

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