Joseph Bakare Labour Unions in Nigeria have rejected the N27, 000 recommended yesterday by the National Council of State as minimum wage for states and the private sector. The Trade Union Congress (TUC) and United Labour Congress (ULC) described the decision as unfortunate and shocking. The TUC said in a statement signed by its President Bobboi Kaigama that the decision must not be allowed to stand because it will set a wrong precedence for the future, arguing that the Council lacked the power to the position already taken be statutory bodies. Kaigama said: “Let it be known that N30, 000…
Author: Orientalnews Staff
Yemisi Izuora Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has challenged Ocean & Cargo Terminal Services Limitead-the Concessionaire of Terminal ‘B’ Warri Old Port to focus on increased efficiency, improved service delivery, modernized port development and reduction in the cost of shipping & clearing of goods in line with the Federal Government’s objective in Port Concession. At the signing ceremony for the Concession of the Port between the Concessionaire and the Bureau, in Abuja on Tuesday Okoh said “Government expects nothing less than strict adherence to the terms of the Concession Agreement from the…
Yemisi Izuora Former Lagos governor and Co-Chair of the All Progressives Congress Presidential Campaigns, Asiwaju Bola Tinubu, has replied criticisms of former president Olusegun Obasanjo which depicted president Muhammadu Buhari’s administration as authocratic. According to Tinubu, he ways of Obasanjo are not those of the APC, and this difference has meant the better for Nigeria. Tinubu described the former president as an election rigger without peer. “There is no election which occurred under Obasanjo’s watch or in which he participated that did not involve cheating on his part. Even the late President Umaru Musa Yar ‘Adua admitted he was the…
Yemisi Izuora Nigeria LNG Limited (NLNG) has received a special recognition award as a caring company, for demonstrating virtues that positively impact the lives of the citizens of Nigeria NLNG was recognised by the Nigerian Maritime Administration and Safety Agency (NIMASA) at the agency’s Corporate Dinner and Merit Awards last weekend in Lagos for its outstanding contributions to the realisation of the agency’s mandate on safety on the waterways, especially the Bonny-Port Harcourt sea route which borders NLNG’s area of operation in Rivers State. Recently, the company was involved in the rescue of 12 victims of a boat mishap on…
Yemisi Izuora The Managing Director of Nigerian Ports Authority, Hadiza Usman has said that the Authority is fully committed to the provision of the enabling environment for business to grow in the maritime sector. Hadiza also said the agency is committed to the development of Deep Seaports across Nigeria in line with the development of global economy which is about maritime. She disclosed that efforts are on-going to increase the depth of the draught of Onne port to eleven{11} meters as a way of encouraging bigger vessels, Hadiza Bala Usman stated these while receiving the Danish Ambassador to Nigeria, Mr…
Yemisi Izuora The All Progressives Congress Governorship Candidate, Babajide Sanwo-Olu, has highlighted the enormous investment opportunities in Lagos State. He spoke at an exclusive session with selected Swiss Investors in Geneva, yesterday, at the ongoing World Economic Forum, WEF, in Davos, Switzerland. At the event held at the Mandarin Oriental Hotel, the business interaction triggered commitments of $5bn investment in infrastructure and capital projects in the state and also provided an avenue for Mr. Sanwo-Olu to further reinforce the investment opportunities in the state. While the array of investors comprising commodity traders, equity managers, investment bankers, Fintech & I.T experts,…
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday, retained the monetary policy rate at 14%. This is the Nigeria’s highest in 10 years and the 15th time that the committee retained the interest rate. Announcing the committee’s decision, governor of the Central Bank of Nigeria, CBN, Godwin Emefiele said all members of the committee were in support of retaining rates. The committee also retained the Cash Reserves Ratio at 22.5 per cent, Liquidity Ratio at 30 per cent; and the Asymmetric Window which was at +200 and -500 basis points around the MPR. He…
Hyacinth Chinweuba The Lagos State Police command on Saturday carried out a mock exercise aimed at proving its readiness for the upcoming general elections. Two thousand, three hundred (2,300) personnel drawn from the Police, all arms of the military, the Nigeria Security and Civil Defense Corps as well as Lagos Neighbourhood Safety Corps participated in the show of force exercise to reassure the residents of the state of adequate security before, during and after the february 2019 general elections. Speaking during the exercise which lasted for hours in the Lagos metropolis, the Commissioner of Police Lagos State, Mr. Edgal Imohimi…
Yemisi Izuora Fidelity Bank Plc has deployed latest digital innovations that will deliver convenience, affordability, reliability and seamless lifestyle in customer service to deepen the drive for financial inclusion ahead of 2020. The Managing Director, Mr. Nnamdi Okonkwo while explaining more on its trending forays into the technology world, at the for the third draw of the “Get Alert In Millions” savings promo, in Lagos, said that the bank’s Quick Response (QR) scan would only take few minutes to launch one into full banking relationship, as well as its USSD Code for seamless transactions. According to him, “Fidelity Bank’s…
Yemisi Izuora International energy and infrastructure conglomerate, Sahara Group will be one of the leading African voices at the World Economic Forum in Davos- Klosters holding this week. Kola Adesina- Group Managing Director for Sahara Power Group Ltd (a Sahara Group company) will join a global and diverse mix of leaders from business, government, media and civil society to further the dialogue on how inclusivity and sustainability can be pillars for growth in Africa especially in the context of this year’s theme: Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution (4IR). Speaking ahead of the event,…
