Category: Industry

Adeyanju: How We Arrived At N200, 000 Minimum Wage For Our Workers

admin

The Peesident-General, Maritime Workers Union of Nigeria (MWUN), Comrade Adewale Adeyanju, in this interview with Sunday Ojeme, speaks on challenges in the shipping sector and steps taken to improve workers’ welfare. How has government policies been affecting the mariritme sector of recent? It’s affecting us severely. The vessel traffic has gone below the global standard. Vessels that used to come with 500 containers now come with just 100 containers and that has impact on the workers in such a company. The economic impact is coming to the workers because the…

Read More

NLC Loses Track Of Ajaero’s Whereabouts after DSS Arrest

JUSTINA EMMANUEL OKPARA

…Holds Emergency Meeting   Officials and members of the Nigeria Labour Congress (NLC) are currently apprehensive over the whereabouts of their President, Joe Ajaero, after his arrest by the DSS earlier today. A statement issued by the Head of Information and Public Affairs, NLC, Comrade Benson Upiah, said the Congress was yet to ascertain his whereabouts or his state of health as all efforts made to get in touch with him have proved abortive. According to the statement, “this morning, the President of the Nigeria Labour Congress (NLC), Comrade Joe…

Read More

Capital Formation: Coronation Registrars Charts Path To Sustainable Wealth

Admin

  With most Nigerians finding it difficult to save for the future due to several factors, the management of Coronation Registrars has identified the role investment in securities could play in capital formation. In a webinar themed, “The Role of Capital Formation and Dividend in Building Sustainable Wealth,” organised by the firm, the President and Chairman of Council, Institute of Capital Market Registrars, Oluseyi Owoturo, gave a direction on building sustainable wealth. Speaking on the importance of reinvesting dividends, he said dividends could be a good source of capital formation…

Read More

Q1’24: Fidelity Bank Records 120.1% Growth In PBT To N39.5bn

admin

In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1 per cent growth in Profit Before Tax from N17.9 billion at the end of Q1’23 to N39.5 billion for Q1’24. This was made known in the bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, April 30, 2024. According to the statement, Gross Earnings increased by 89.9 per cent yoy to N192.1 billion from N101.1 billion in Q1’23. The increase was led by a combination…

Read More

Q1’24: Zenith Bank Posts 189% Growth In Earnings

JUSTINA EMMANUEL OKPARA

Zenith Bank Plc has posted an impressive triple-digit growth of 189 per cent in Gross Earnings, from N270 billion reported in Q1’23 to N781 billion in Q1’24, its unaudited results for the first quarter ended March 31, 2024 have shown. This is despite the challenging operating environment and tightening monetary policy stance. From the unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, May 3, 2024, this impressive growth in the topline also enhanced the bottom line, as profit before tax (PBT) rose to N320 billion in…

Read More

ASR Africa Begins Construction Of N250m Sports Complex In UniJos

admin

The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), has kicked off the construction of the N250 million sports complex for the University of Jos. The sporting facility, which is situated at the Naraguta campus of the university, is set to consolidate the preparedness of the university in hosting the Nigerian Universities Games Association (NUGA). The facility will feature a 300-seater spectator stand, changing rooms, a lawn tennis court, and a basketball court. Speaking at the event,…

Read More

Junior Pope: Obi Commiserates With Nollywood Stakeholders

JUSTINA EMMANUEL OKPARA

The Presidential candidate of Labour Party in the 2023 election, Mr. Peter Obi, has expressed shock over the reported death of Nollywood actor, Pope Obumneme Odonwodo, popularly known as Junior Pope. Obi, in a condolence message on his X handle, said he was shocked by the reports of the death of yet another vibrant Nollywood actor. According to him, “our entertainment industry, and indeed our dear nation, is once again thrown into mourning, by the death of this young talented actor. “Junior Pope was known for his energetic acting, always…

Read More

Poverty: World Bank Places Nigeria At Par With War-Torn DRC

Admin

…says inflation’ll remain high at 24.8% Despite the abundant human and natural resources in the country, the World Bank has placed Nigeria in the same position with war-torn Democratic Republic of Congo in its latest poverty index, according to a report released yesterday. The global lender, which reaffirmed that Nigeria’s economic growth would remain at 3.3 per cent in 2024, however, said the country’s inflation rate would remain high at 24.8 per cent year-on-year, YoY, in 2024. DRC, as at 2021 had a population of 95.894 million with an estimated…

Read More

FirstBank Inaugurates ‘Digital Xperience Centre” At Banana Island

Gideon Myek

FirstBank of Nigeria on Wednesday inaugurated its “Digital Xperience Centre” at the Banana Island Front Gate, Ikoyi, Lagos. In his speech at the event, the Managing Director and Chief Executive Officer, FirstBank of Nigeria and subsidiaries, Dr. Adesola Adeduntan, who inaugurated the Centre, said it was the fourth such state-of-the-art facility in the country and the second in the state to be inaugurated by the bank. He said that the establishment of digital experience centres aligned with the bank’s commitment to delivering exceptional customer experiences and staying at the forefront…

Read More

GTCO Announces 2024 Food And Drink Festival

JUSTINA EMMANUEL OKPARA

  Guaranty Trust Holding Company Plc has announced the dates for the 2024 GTCO Food and Drink Festival. So also did the company announce the venue of the event in a statement it issued on Wednesday in Lagos State. The announcement marked the beginning of the process to the seventh edition of the most anticipated culinary festival in Africa. The event has been slated for April 26 to 28, 2024 at GTCentre, Plot 1, Water Corporation Drive, Oniru, Victoria Island, Lagos State. The GTCO Food and Drink Festival is widely…

Read More