Business

Recapitalisation: Labour Ministry charges banks to protect workers

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 […]
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Paying more for darkness: How the hike in electricity tariff affects you

Paying more for darkness: How the hike in electricity tariff affects you

Apparently, the new increase in electricity tariff by 11 per cent, from June 1, 2012 by Nigeria Electricity Regulatory Commission (NERC) is unsettling for most consumers in the country. While some Nigerians see the development as a way of compelling people to pay more for darkness, others called on the Commission to provide pre-paid meters for all consumers to avoid discrepancies in the volume of power consumption and amount accruable to government every month.

Banking sector risks: W/Africa Monetary Zone calls for close supervision

Banking sector risks: W/Africa Monetary Zone calls for close supervision

The West African Monetary Zone (WAMZ) has called for the immediate establishment of colleges of supervisors in the West African sub-region to enhance information sharing on effective supervision of the banking industry to forestall bank failures resulting from risks exposures, even as it stressed the need to set up explicit deposit insurance schemes within the region to mitigate deleterious consequences associated with systemic crises in the sector.

Animal farming easiest way of gaining employment, income – Expert

Animal farming easiest way of gaining employment, income – Expert

Food and farming are foundational to a healthyNation,Nigeria has a good climate condition for farming and large areas of farmland, yet it has a problem with employment generation and food security through agriculture. Globally, farmers are said to be kings because they make food available for the society.

Maritime stakeholder, arrested for writing to President Jonathan

Maritime stakeholder, arrested for writing to President Jonathan

ON April 3, armed men from the Federal Operations Unit (FOU), Nigeria Customs Service, (NCS) stormed Lucky Amiwero’s, President, National Council of Managing Directors of Licensed Customs Agent’s (NCMDLCA’s) office, beat him, before he was whisked away to the FOU office in Ikeja, for alleged misinformation.