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 […]
Revisiting the Nigerian Stock Exchange —1
“Stock Exchange lost N780bn in turbulent Q1”, PUNCH, April 22, 2014.
The report by Simon Ejembi went on to disclose that “the Banking Index fell by 16 per cent in the first quarter of this year; more than any sectoral indices, in what some analysts say is the worst performance by the Exchange in 10 years.”
Dangote Cement laments high cost of production, pays N7 dividend
Dangote Cement Plc has decried the high cost of production, which it explained has resulted to the rise in the price of cement in the country, even as it rewarded shareholders with a dividend of N7.00 per share for the financial year ended December 31, 2013.
FIRS records N140bn shortfall in Q1 revenue collection
Acting Executive Chairman of the Federal Inland Revenue Services (FIRS), Alhaji Kabir Mashi, has said that the service recorded a shortfall of N140 billion in revenue collection in the first quarter of the year.
Single digit inflation rate unsustainable beyond 2014
A financial consultant, Dr. Biodun Adedipe of B. Adedipe Associates Limited has said that the current single digit inflation which hovered between 8.0 percent and 7.8 percent in the first quarter of 2014 is not sustainable because of the expected increased spending that will be occasioned by the 2015 general elections.
Skills acquisition key to successful entrepreneurship
Oxfordand Cambridge Club of Nigeria has identified skill acquisition as a key to becoming a successful entrepreneur in a competitive market like Nigeria.
