Aviation

NiMET workers give 14-day strike notice.

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…
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Brands & People

NSSF is taking action to promote youth employment.

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…
Energy

Contract signed NNPCL, Daewoo, N342 Bill Kaduna for reconstruction.

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…
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Market

Economists expect inflation to ease as consumer demand declines.

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…
Energy

Heifer launches solar power plant for farmers in Lagos.

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…
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Markets

Dangote, Tough Deal at Ogun Cement Plant.

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…
Energy

Geregu and Seplat increase their market capitalization by N142 billion.

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…
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