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 […]
FG moves to halt industrial disharmony in power sector
THE Federal Government has set up aTechnical Working Group, TWG, to develop operational guidelines on industrial relations for the reformed power sector aimed at establishing a National Joint Industrial Council for the sector.
Investment: Oduzua urges foreign investors to seek credible local partners
Chief executive Oficer of United Bank for Africa, UBA Plc, Mr. Philip Oduzua, has urged businesses and investors from the developed economies, who are desirous of taking advantage of the bourgeoning business and investment opportunities in Africa to seek credible local partners to help them in the process.
Africa must work harder to reduce inequality — Annan
African governments should work harder to reduce inequality that has prevented the benefits of a decade of economic growth from being spread equitably, according to a report by former U.N. Secretary-General Kofi Annan released on Thursday
Oil funds to be accounted for in 16 weeks — FG
PricewaterhouseCoopers LLP and Nigeria’s government auditor will need 12 to 16 weeks to “clarify” what happened to billions of dollars of oil revenue alleged to be missing, Finance Minister Ngozi Okonjo-Iweala said.
Dangote to invest $2.3bn in northern Nigeria
Africa’s richest man, Aliko Dangote said on Thursday he will invest $2.3 billion in sugar and rice production in the north of the country.
