Another disruption in the aviation industry is imminent as three workers’ unions have threatened to ground operations at the Nigerian Meteorological Agency over wages over failure to implement minimum consequential adjustment wage.
The unions, which include the National Union of Air Transport Employees, the Association of Nigeria Aviation Professionals and the Amalgamated Union of Public…
Nigeria Solidarity Support Fund, a non-profit organisation, says it is stepping up efforts to reskill the Nigerian youths to boost job creation.
A member of the NSSF Advisory Board, Bola Adesola, said this in her opening speech during a book launch by the NGO, titled, ‘We…
Life insurance company, African Alliance, said it paid N25.7bn claims to its policyholders in three years.
The company which recently won the ‘Claims Excellence Insurance Company of the Year 2022’ award by Banks and Financial Institutions, said it consistently increased…
The Nigerian National Petroleum Company Limited and Daewoo Engineering and Construction Nigeria Limited, on Thursday, signed a contract of $740.67m (N341.48bn as at Thursday’s official exchange rate of N461.04/$) for the rehabilitation of Kaduna Refining and Petrochemical Company Limited.
Both parties signed the deal at the Abuja headquarters of NNPC, as the Executive Vice President, Downstream…
The coronation said the shortage of currency could continue after the election.
February 2, 2023
Coronation Merchant Bank has predicted that foreign exchange liquidity crisis affecting the economy may linger futher.
The Chief Economist of Coronation bank, Chinwe Egwim made this known via a statement on Wednesday while speaking on the launch of its 2023 Economic Review…
Economists say limited demand for currency swaps and other central bank policies could lower inflation in January.
They note that changes in the structure of the currency and the cashless policy pursued by leading banks may not have a long-term effect in curbing inflation in…
Heifer International’s sponsored agritech storage solution, ColdHubs, has launched its solar-powered facility for smallholder farmers and sellers of perishable farm produce at the ABAT CBD Market in Ibeju-Lekki.
The agritech company made this know during the launch on Tuesday in Lagos which was witnessed by farmers, traders and government officials.
The Country Director of Heifer…
The clearing agent has challenged shipping company Grimaldi’s plan to charge 25,000 naira for issuing a personal identification number.
Agents say that the increase in commissions of companies for the exchange of PIN-codes will have a negative impact on importers.
PIN…
Dangote Industries Limited announced that it has signed a contract with China Sinoma International Engineering to build a 6 million tonne/year cement plant in Itori, Ogun State.
According to a statement from the company, the agreement was signed by Aliko Dangote, chairman of…
The stock market started the new month with a fourth straight gain as the market reached 142 billion naira on Wednesday at the bottom of the Nigerian stock exchange.
The Jeonju Index closed at 53,499.68 points, up 261.01 points and 0.49% from the previous trading day.
Thus, investors acquired a value of 142 billion naira as the market capitalization increased to 29 trillion.
The rally was fueled…