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 […]
Vision 20:2020, a mirage unless Nigeria stops importation – NASENI
Unless Nigeria reduces importation, its aspiration to rank among the world’s 20 most developed countries by the year 2020 will be a mirage, Dr Mohammed Haruna has said.
SEC raises alarm over illegal capital market operator
The Securities and Exchange Commission, SEC, has raised an alarm over the activities of an illegal capital market operator — Global Growth and Income Limited — for soliciting deposits from members of the public for the purchase of shares on their behalf.
World Bank extends N32bn infrastructure loan to Nigeria
The World Bank has announced plans to contribute towards addressing the huge infrastructure deficit in Nigeria, with the provision of N32 billion ($200 million) as seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative.
Cashless policy driving fraudsters out of Lagos
The limit imposed on cash transactions under the cashless policy has prompted a mass movement of fraudsters moving out of Lagos to other parts of the country.
NECA gives NSITF conditions for fund remittance on ECS
NIGERIA Employers Consultative Association, NECA, has given the Nigeria Social Insurance Trust Fund, NSITF, managers of the Employee’s Compensation Scheme, ECS, three conditions to be met if member employers will remit deducted fund into the scheme.
