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 […]
Statistics: Bureau calls for agencies’ collaboration to minimise conflicts
National Bureau of Statistics (NBS) has called on relevant agencies to collaborate with it to minimise conflicts in statistical figures released in the country.
Financial experts disagree on crude oil price benchmark
Some financial experts have expressed mixed reactions to the advice by the IMF that crude oil price benchmark used for 2013 budget should not be increased above 75 dollars per barrel.
Energia targets 10,000bpd production by 2013
Indigenous Marginal Field, MF producer, Energia Limited, said it hoped to increase oil production from its Oil Mining Lease, OML 56, to 10,000 barrels per day, bpd, by 2013. Current capacity from the block is put at 5000 bpd and expected to inch higher to 7,000bpd by mid-December.
Dangote Sugar fire to gulp over N7bn insurance claims
The General Manager,Group Insurance, Dangote Group of Companies, Mr. Raymond Akalonu, has said that insurers are to pay over N7 billion on claims emanating from the fire incident that occurred at the Dangote Sugar refinery earlier this year.
Insecurity killing businesses in Nigeria, Maritime workers warn
MARITIME Workers Union of Nigeria, MWUN, has warned that the activities of the terrorist group in Nigeria are hindering business operations and called on government to take concrete steps in addressing the level of insecurity in the country.
