We can’t afford N18,000 minimum wage, says Fayemi
Ekiti State Governor, Dr Kayode Fayemi, has said the state government does not have enough resources to pay the N18,000 minimum wage recently approved by the National Council of State, saying the state government would re-negotiate with the labour leaders on the acceptable minimum wage to be paid the state workers.
IBB campaign model and ethnic politics
MONTHS ago, around mid-August, I expressed my displeasure with General Ibrahim Banbangida (rtd) for throwing his hat into the 2011 presidential election ring. I am afraid I have to follow that up with more comments on his style of campaigning, which not only unexpectedly but also unjustifiably has gone personal and in bad taste.
Oceanic Bank records 15.8% jump in deposits
Oceanic Bank PLC has recorded 15.8 per cent jump in its deposit base to N644.5 billion as at 30th September 2010 from N556.8 billion in December 2009 , indicating increasing customer confidence in the bank. The improved fortunes of the Bank, one of the bailed-out banks was further confirmed by Fitch Ratings , which upgraded the bank’s individual rating from “F” to “E”.
SEC cautions on amendment of Investment Act
The Securities and Exchange Commission (SEC) on Wednesday, stressed the need to exercise restraint in the proposed amendment of the Investment and Securities Commission Act 2007. The bill seeks to amend the commission’s Act to provide for greater transparency and accountability in the finances of SEC and to ensure effective legislative oversight.
Economy: Nigerians to the slaughter slab?
By Les Leba The Ministry of Finance may seek parliamentary approval to alter key 2010 budget assumptions to better reflect global energy prices and the country’s crude oil output. The Minister of State for Finance, Mr. Remi Babalola disclosed this in Abuja on Thursday. “The Minister had raised the alarm earlier this month that […]
Lagos to become Africa’s largest city in 2015 , UN habitat
The population of Lagos is estimated to reach 12.4 million by 2015, overtaking the Egyptian capital Cairo as Africa’s biggest city. According to a UN report, the number of people living in African cities will triple over the next 40 years to about 1.23 billion people and by then (2050), 60% of Africans will be city dwellers.
We’ll help Nigeria resolve infrastructure problem, AfDB President
African Development Bank (AfDB) has pledged to support efforts to resolve the infrastructure problem in Nigeria.
“The AfDB is prepared to lend its support to resolve this problem, in close collaboration with the Nigerian private sector”, said Donald Kaberuka, AfDB President at the conclusion of a two day visit to Nigeria last week
Maintenance hangar as antidote to capital flight, revenue loss
Years after the federal government promised to ensure Nigeria had an aircraft maintenance hangar, privately or publicly-owned, airlines in the country are still faced with the challenge of taking out their air planes for overhaul.
Bournvita celebrates 50, takes kids on purple dome experience
Over four thousand children from about 200 schools in Lagos State where treated to the dose of experiential marketing at the Cadbury Bournvita Purple Dome penultimate week.
Lagosians cautioned on activities of land speculators
The Lagos State government has again prospective land owners in the state to be wary of land speculators who engage in indiscriminate sale of government-acquired land.
SON, stakeholders seek passage of law for sanctioning default builders, quacks
In the bid to eradicate the incessant collapse of buildings in the country, Standard Organisation of Nigeria (SON) and other stakeholders in the construction sector of the economy have moved for the speedy passage of the bill that will penalize any professional in the building industry involved in cutting corners and doing shoddy job in the process of building construction in the country.
PDP: Chime’s faction disowns guber aspirant
The Governor Sullivan Chime’s faction of the Peoples Democratic Party, PDP in Enugu State, yesterday, disowned the governorship aspirant of the Labour Party in 2007 election, Chief Okey Ezea, saying he was not a member of the PDP and had no right to speak on issues concerning the party.
The choice of Atiku
Procedurally, it was very meticulous and disciplined. Getting the four pro-zoning presidential aspirants of the Peoples Democratic Party (PDP) from the North to agree to abide by the outcome of the search for their consensus candidate to clash with President Goodluck Jonathan was a smart binding force from which it was difficult for any of the subscribers to back out. However, for some, it was the easy way out, the classic “soft landing”.
CSR : Lafarge Cement set to boosts Nigerian economy
By Peter Egwuatu In its bid to spur growth and development of Nigerian economy, Lafarge Cement WAPCO Nigeria Plc, a quoted entity on the Nigerian Stock Exchange (NSE) has disclosed plans to continuously invest in the country by expanding its existing sites and developing new sites in the country to make Nigeria self sufficient in […]
Investigation has not affected NIMASA operations.
The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA hereby assures stakeholders in the Nigerian maritime sector that the on_going investigation over a petition against the Management of the Agency has not affected operations.
ICAN insist all votes must count in 2011 elections
Institute of Chartered Accountants of Nigeria (ICAN) has resolved to partner with the Independent National Electoral Commission (INEC) to ensure that all votes counts in the forthcoming 2011 elections are free and fair.
