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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AfDB targets $8 b investments in Nigeria

AfDB targets $8 b investments in Nigeria

…As FG asks the bank to make Nigeria regional hub Emma Ujah, Abuja Bureau Chief The African Development Bank, (AfDB) would increase its investments in Nigeria to $8 billion by next year, the President, Dr. Akinwumi Adesina, has revealed. Speaking at the opening of the bank’s Country Office building in Abuja, Thursday, he said that […]

VAIDS: Experts warn against non-declaration

VAIDS: Experts warn against non-declaration

Tax experts have warned against non-compliance with the Voluntary Assets and Income Declaration Scheme (VAIDS), a tax amnesty programme of the Federal Ministry of Finance. Speaking at a one-day VAIDS workshop for professionals in tax advisory services in Port Harcourt on Tuesday, the experts warned that those who fail to fully declare their assets and incomes at the expiration of the window offered by the scheme on 31 March risk prosecution among other penalties.