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NLC wades into telecoms jobs exportation spree, plans partnership with FG to tame rate

Considering the growing incidences of telecoms jobs export to countries like India Pakistan and other Middle East countries, the Nigeria Labour Congress (NLC) has began discussion with the federal government to address the breach by mainly foreign groups. The key target is to stop out-sourcing of jobs in the telecom sector, among others. The NLC President, Mr Ayuba Wabba said ...

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First Bank eases cashless transaction limits with FirstMobile Lifestyle App

first bank

Details have emerged that First Bank of Nigeria Limited has increased the transaction limit on its FirstMobile Lifestyle app to a maximum daily limit of N150,000.00 without the use of a token and a total daily transaction limit of N1 million with token. FirstBank’s digital innovations were rewarded with awards in 2016 which include the Asian Banker award for Best ...

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Shocker as 92.3 % of Nigerian workers not captured in pension funds


The National Pension Commission has revealed that contrary to insinuations that the growth of pension fund was driven by more workers entering the basket, on 7.24 million workers, representing 7.7 per cent of Nigerian workers, contributing to the Compulsory Pension Scheme as of September 2016. The implication of the figure is that about 92.3 per cent of workers in the ...

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Abakaliki Rice’ll displace other local rice brands soon—Ebonyi Gov

The Governor of Ebonyi State, Chief David Umahi, has vowed that rice production from his state will over run all other local brands before the end of the year considering the volume in investments and land already provided for the production. Throughout South East, Abakaliki had been famous for rice production and the current government in the state has stepped ...

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Expert warns core investors of Lake Rice to avoid production complacency

lake rice launch

Agricultural expert and grain farming specialist, Dr. Ikem Mgbemena has advised core investors in Lake Rice, the Lagos and Kebbi State governments to put in motion a production chain that will maintain steady supply of the product. The brand name of the rice is taken from the combination of first two alphabets in the name of the two states which ...

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Mega firms still approaching Maritime Africa Economic City for space—Bird

Less than two weeks after the reception of operating licence by the core investor in the development of Maritime Africa Economic City, Badagry from the Nigeria Export Processing Zones Authority (NEPZA), the Project Director of the group, Mr. Patrick Bird, has revealed more manufacturing and services firms are still approaching the marketing department for spaces, but did not give their ...

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Tella advises CBN to pursue quantitative easing approach on forex in 2017

Emefiele CBN

Leading Economist, Prof. Sheriffadeen Tella, has said that the Central Bank of Nigeria (CBN) must pursue monetary or quantitative easing approach in 2017 to revitalise the nation’s economy and solve the country’s lingering foreign exchange crisis. The Professor of Economics, Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, made the assertion in an interview in Lagos, saying the CBN ...

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Dangote Tomato set to resume production next month as Tomato harvest booms


All is set for the resumption of production activities at Dangote Tomato Processing Factory in Kadawa, Kura Local Government Area of Kano State in February. The company, which began production in February 2016, had to suspend operation due to paucity of raw materials and forex to import certain inputs for production, the same factor that frustrated Erisco tomato out of ...

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Dangote, others made more income than loss in 2016—Bloomberg Report

The world’s wealthiest people are ended 2016 with $237 billion more than they had at the start, an indication that they may not have lost anything after all. Triggered by disappointing economic data from China at the beginning, the U.K.’s vote to leave the European Union in the middle and the election of billionaire Donald Trump at the end, the ...

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Maritime Africa Economic City get licence to drive Badagry Free Zone

Work will peak up very soon as the Nigeria Export Processing Zones Authority (NEPZA) has granted license to Nigeria’s emerging largest Free Trade Zone and Mega Port project tagged; the Maritime Africa Economic City otherwise known as the Badagry Free Zone. Receiving the licence from the Managing Director of NEPZA, Mr. Gbenga Kuye, the Project Director of the Zone, Mr. ...

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