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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Digital switchover will boost viewership experience — Zhang, StarTimes CEO

Digital switchover will boost viewership experience — Zhang, StarTimes CEO

StarTimes has already shown their worth in the past seven years, changing a lot in the pay-television market. For example I can still remember in 2010 when StarTimes just launched in Nigeria, if you want to buy a competitor’s decoder you have to pay N27,000. During this period the exchange rate was just about N120 to one dollar. Today, 2017, seven years later, the exchange rate has gone up to N360.

Q3 results: Stakeholders expect mixed performance

Q3 results: Stakeholders expect mixed performance

I EXPECT the third quarter (Q3:17) performance of companies quoted on the Nigerian Stock Exchange, NSE, to be better than the corresponding period in 2016. You know there was economic recession during that period, but Nigeria exited in June this year.

Lapo MfB disburses N89.6bn loan in 8 months

Lapo MfB disburses N89.6bn loan in 8 months

LAPO Microfinance Bank, a subsidiary of the Lift Above Poverty Organisation (LAPO), has disbursed N89.6 billion as loan from January to August 2017 via 447 branches in 29 states and the Federal Capital Territory, ABUJA, as part of effort to grow micro and small businesses in the country.

NCRIB has improved in the last two years — Okunoren

NCRIB has improved in the last two years — Okunoren

At the beginning of my tenure, I highlighted my thrust of office and the challenges that were facing us as a professional body. Though it was not a bed of roses, yet the Council recorded some modest feats in the last two years.