Business

Recapitalisation: Labour Ministry charges banks to protect workers

By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
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Procter & Gamble holds symposium, spends $2bn on R&D

Charles Darwin of Origin of Species fame once said that ‘it is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.’ This seems to be the driving force behind Procter & Gamble (P&G) Nigeria, a fast-moving consumer goods company. To underscore this point, P&G, at the weekend, held a two-day annual symposium tagged: Chemical Sciences and Technology Enabling Growth in Africa, in partnership with the Royal Society of Chemistry (RSC).

Forex: CBN sold $2.5bn in November, got $2.48bn inflow

THE Central Bank ,CBN yesterday in its Economic Report of the Nigerian Economy for the month of November 2015 said that $2.48 billion foreign exchange came into the country through it while $2.50 billion went out. This it said resulted in a net out flow of $2million

Nigeria, others to have more access to electricity in 2020

Nigeria and other African countries will have more access to electricity, as President of the United State, U.S., Barack Obama, signed into law an initiative under the Power Africa Scheme, to bring electricity to 50 million people in sub-Saharan Africa by 2020.

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