Labour union expresses frustration over non implementation of minimum wage, threatens strike
Businessam Staff
September 18, 2019
The organised labour, under the stewardship of Trade Union side of the Joint National Public Service Negotiating Council has asked Nigerians to appeal to the federal government to implement the new minimum wage so as to avoid an imminent industrial crisis. Anchaver Simon, acting chairman and Alade Lawal secretary of the union made the call […]
ECOWAS parliament appeals to Nigeria to reopen bordersECOWAS parliament appeals to Nigeria to reopen borders
Businessam StaffSeptember 17, 2019
The ECOWAS parliament on Monday appealed to the Nigerian government to reopen its closed borders as it hampers on the implementation of free trade movement within the ECOWAS region. Moustapha Cisse Lo, speaker of the parliament, made the call in a statement at the opening of the 2nd extra ordinary session of the ECOWAS Parliament […]
NEPC says Cross River has comparative advantage to export cocoa, rice
Businessam StaffSeptember 16, 2019
…as dearth of storage, processing facilities hamper growth The Nigeran Export Promotion Council (NEPC), the leading Federal Government agency charged with the responsibility of promoting non-oil exports as the key driver of the Nigerian economy, by working to get Nigerian private sector to engage in product exports, says Cross River State has capacity to engage […]
FG inaugurates family home funds board, charges members on accountability, prudence
Businessam StaffSeptember 16, 2019
Zainab Ahmed, Nigeria’s finance, budget and national planning minister has charged a newly inaugurated board of the family homes fund limited to ensure the success of government’s ambition to create 1.5 million new jobs in the construction of 500,000 low-cost houses. She also warned members to be prudent with the management of funds that will […]
Wike releases N200m to UniPort’s law faculty, other projects
Ben EguzozieSeptember 13, 2019
Ben Eguzozie, in Port Harcourt Nyesom Wike, the governor of oil rich Rivers State, has said he is supporting the completion of the law faculty complex of University of Port Harcourt with N200 million. The faculty’s building project was started when Wike was minister of state for education. He announced that Rivers would also contribute […]
Imo sees sharp rise in IGR to N635m, as multiple taxation nears end
Businessam StaffSeptember 13, 2019
Dikachi Franklin, in Owerri The change of guard in Imo State since May 29, 2019 which is positively affecting every sector of the economy of the state, has led to a sharp rise in its internally generated revenue (IGR) from a low N251 million in June, N432 million in July to N635 million in August. […]
Airpeace spending N300m to evacuate 630 Nigerians in South Africa
Businessam StaffSeptember 11, 2019
…as South African immigration is accused of frustrating process By Samson Echenim Air Peace says the evacuation of Nigerians from South Africa will cost the airline about N300 million, which include the payment of passenger service charge, aeronautical and other charges in addition to the cost of operation. The airline offered to evacuate 630 Nigerians […]
Telecoms operators push passage of CNI bill as vandalism threatens investment
Businessam StaffSeptember 11, 2019
Omobayo Azeez Providers of telecommunications services in Nigeria have alerted again that continuous attacks on telecommunications infrastructure have continued to put the telecoms investment in the country in jeopardy. According to them, this has been a demotivating factor for the operators to enthusiastically invest more in the sector. Despite the growth in infrastructure that has […]
APC to Buhari: Nationalize MTN now
Businessam StaffSeptember 5, 2019
The All Progressives Congress APC on Thursday came hard on the South African government, accusing it of backing the wave of xenophobic attacks on Nigerians and other Africans in the rainbow nation, and asked the president Muhammadu Buhari administration to take steps to immediately nationalize telecommunications giant, MTN. The party which equally advocated stringent measures […]
Nigeria’s heavy external borrowing unfortunate – cleric
Businessam StaffSeptember 4, 2019
…as public debt hit $81.274bn by March 2019 Ben Eguzozie, in Calabar Nigeria’s rising foreign debt and continued borrowing is rather unfortunate and worrisome, and it indicates that government has mortgaged the greater part of the future of Nigeria, said Tunde Adeleye, the bishop of the Niger Delta province of the Anglican Communion, in Calabar, […]