Business

Nigeria-UAE trade surges 66.7% to $5bn in 1 year

By Yinka Kolawole Bilateral trade between Nigeria and the United Arab Emirates (UAE) rose by 66.7 percent to about $5 billion in 2025 from $3 billion in 2024, highlighting growing economic ties between both countries as they move towards formalising a Comprehensive Economic Partnership Agreement (CEPA). The development was disclosed when the UAE Ambassador to […]
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Fresh industrial unrest looms at Promasidor over pay, others

HOURS after workers of Promasidor Nigeria Limited, makers of Cowbell milk and other consumables, resumed work following a three-week lock-out by the management of the company, indication of an imminent industrial unrest has emerged over management plan not to pay the workers for the period of the lock-out among other punitive measures.

Towards a World-Class Pension Scheme in Nigeria

Until 2004, Nigeria had operated particularly in the public sector, a Defined Benefit (DB) pension scheme, which was largely unfunded and non-contributory. The system was also referred to as a Pay-As-You-Go (PAYG) scheme since retirees were to be supported not by their previous contributions but by annual budgetary provisions.

ICAN tasks new members on integrity

The Institute of Chartered Accountants of Nigeria (ICAN) has called on its new members to uphold the virtues of integrity in t he discharge of their duties.

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