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 […]
Nigeria’s telecoms industry attracted over $1bn in 2025 —NCC
By Progress Godfrey The Nigerian telecommunications industry attracted over $1 billion in capital investments in 2025 leading to the deployment of more than 2,850 new network sites nationwide. This was disclosed by the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Dr Aminu Maida, who also said the investment, which expanded both network coverage and […]
PenCom increases NSITF pensions by 1,173%, pays N8.70bn arrears
By Rosemary Iwunze The National Pension Commission (PenCom) has approved an upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), increasing their total monthly pension payments from N12.56 million to N159.95 million. The upward review translated to an unprecedented 1,173% enhancement in the total monthly payout. According to PenCom: “The […]
DHL Aviation increases logistics capacity with two Boeing 737 Aircrafts
By Cynthia Alo DHL Aviation has increased its logistics capacity in Nigeria with the unveiling of two fully branded Boeing 737-400 aircrafts at Murtala Muhammed International Airport, Lagos. In a statement, the company noted that as part of its ongoing investment in SSA’s logistics infrastructure, the additional air capacity will enhance transit times, improve delivery […]
Economic reforms driving political stability, inter-government synergy — Bagudu
By Progress Godfrey ABUJA — Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu says President Bola Tinubu’s economic reforms are strengthening political stability and fostering unprecedented unity across Nigeria’s three tiers of government. Speaking in Abuja yesterday during a meeting with the Agence Française de Développement (AFD) mission, Bagudu noted that the reforms have […]
Fuel price increases: How oil companies exploited Nigerians
*Crude oil price rose 6.2%, Nigerian oil firms increase price by 14.3% By Obas Esiedesa, Abuja Nigerians are now battling with disproportionate increases in petrol prices at the petrol stations as marketers push retail prices far above rate of increase in crude oil prices. On Tuesday all petrol stations jerked their pump prices from average N750 […]
