Month: July 2019

FGN, Sterling Bank, others partner on renewable energy

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  The Federal Government, Sterling Bank, one of Nigeria’s foremost lenders, and Virtus Energy Solutions Limited are partnering to enhance power production for small businesses in Nigeria. The Managing Director/Chief Executive Officer, Rural Electrification Agency, Damilola Ogunbiyi, said the project would provide electricity access to over 80,000 shops across 16 economic clusters, empower over 340,000 micro, small and medium size enterprises, create over 2,500 jobs while serving over 18 million Nigerians. “This is a significant milestone in the financing of the Energizing Economies Initiative. Since the deployment of off grid…

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UBA’s REDTV to thrill participants at UBAmarketplace

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  Youths and adults alike are in for a great time at the #UBAMarketplace2019 as UBA’s award winning online network, REDTV, has lined up a number of exciting acts to keep visitors and participants entertained during the two-day event which will take place on July 26th and 27th 2019.   The UBAMarketplace2019 will be held on the sidelines of the Tony Elumelu Entrepreneurship Forum – the largest gathering of the entrepreneurship ecosystem in Africa.   The over 20,000 expected guests will be treated to a lot of  entertainment, panel sessions, fashion,…

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Nigeria eyes partnership with Indonesia on crude exports

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      Nigeria’s state oil firm NNPC plans to renew its contract for crude sales with Indonesia which expired last year, part of moves to boost exports, it said on Tuesday.   The Nigerian National Petroleum Corporation (NNPC) said it was interested in working with Indonesia’s national oil company Pertamina to improve its volume of crude exports, NNPC’s new group managing director Mele Kyari told Indonesia’s ambassador.   The corporation said in a statement that the partnership with Pertamina could open up opportunities for Nigeria’s crude oil in the…

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NSITF: ILO has impacted positively on humanity

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The General Manager, Administration, Nigeria Social Insurance Trust Fund (NSITF), Segun Basorun has described the International Labour Organisation (ILO) as one agency that has impacted positively on the world. Commending the organisation for the institutionalisation of social security initiatives that have impacted positively on the working class, the NSITF boss, who made the declaration on the sideline of the just-concluded International Labour Conference in Geneva, Switzerland, explained that conventions and standards of the ILO had helped in ensuring social cohesion in the world of work globally. According to him, “in…

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Labour tackles oil firms over debts to contractors

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Workers under the auspices of Maritime Workers Union of Nigeria (MWUN) have fallen out with some international oil companies over the latter’s failure to pay stevedoring service charges. In a petition to the Inspector General of Police and the Director-General, Department of State Services on their behalf, the Nigeria Labour Congress (NLC) referred to a complaint by MWUN vide letters dated June 11, 2019. The official memo referenced MWUN/PS/FMT/TWN/2019 and another dated June 27, 2019 and referenced MWUN/PS/FMT/R/TWN/2019, gave hints into the development. Intimating the Permanent Secretary, Federal Ministry of…

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NOMRA: Skill gaps, profiteering fuelling migration

Sunday Ojeme

    Skills, technology gaps, profiteering, poor implementation of some aspects of the nation’s laws among others have been identified as some of the factors responsible for the influx of migrants into Nigeria and, by extension, other African countries.   Stakeholders, who graced a workshop in Lagos to launch the Research Phase of the four-country Migration for Inclusive African Growth (MIAG) project in Nigeria, identified the factors as ultimately responsible for migrants trooping into the country in droves. The primary contribution of the MIAG network is to gather evidence based information…

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RAPE: How our mentors molested us… Nigerian celebrities tell their stories

Alade Jones

 In the last three weeks or more, the story of celebrity photographer, Busola Dakolo, accusing Pastor Biodun Fatoyinbo of Commonwealth of Zion Assembly (COZA) of raping her in her parents’ house at the age of 16 has been trending endlessly. While a section of the society are calling for the head of the pastor over the allegation, some others agree that although the rape allegation appears credible, Busola should not be completely exonerated as her story of the encounter has not revealed all that transpired. Although they blamed the self…

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Minimum wage: Disquiet over salary readjustment

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Federal Government’s plan to readjust salaries of those earning above the new minimum wage appears to be dragging it back to the trenches against organised labour, Sunday Ojeme reports The dust raised by the long battle between Federal Government and organized labour over minimum wage may be far from being settled months after the wage increase had been signed into law. The latest swirl is unfolding over the planned salary readjustment of those currently earning above minimum wage based on the approved N30,000. Initial conflicts Although President Muhammadu Buhari, while…

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Ecobank urges trainees to imbibe professionalism

Alade Jones

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has called on trainee bankers to imbibe the tenets of professionalism for them to excel in their banking career. Akinwuntan, who was speaking at the inauguration of the Entry Level Development Programme for graduate trainees at the Ecobank Academy in Lagos, enjoined the trainees to make deliberate effort to practice their assigned roles in line with the ethics of the profession. The Ecobank Entry Level Development Programme is an intensive 8-week medley of learning interventions for fresh graduates. It is targeted at equipping…

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Reps to prioritise passage of PIGB

Stella Ofiko

The 9th National Assembly will give priority to the passage of the Petroleum Industry Governance Bill (PIGB) in order to consolidate and reposition the oil and gas industry for the benefit of all Nigerians. Speaker, House of Representatives, Hon. Femi Gbajiabiamila, made this commitment during a visit by the outgoing Group Managing Director of the NNPC, Dr. Maikanti Baru, to introduce the incoming GMD, Mr. Mele Kyari, to the Speaker. A press release by the Group General Manager, Group Public Affairs Division of the Nigerian national Petroleum Corporation (NNPC), Mr. Ndu…

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