Tag: News

Rolls-Royce sacks 800 more staff at marine business unit
December 2, 2016 No Responses

Rolls-Royce sacks 800 more staff at marine business unit

Rolls-Royce plans to lay off 800 more workers from it Marine business throughout 2016 and 2017 citing ”continuing weakness in the maritime market” as the reason for the third wave of job cuts at the division in less than a...
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Lagos targets 10,000 units of street lights in 2017, laments inadequate gas supply
December 1, 2016 No Responses

Lagos targets 10,000 units of street lights in 2017, laments inadequate gas supply

The Lagos State Government is to deploy not less than 10,000 units of street lights before the end of February 2017. Already, the State Government had deployed 36,000 units under its light up Lagos initiative, bringing the total units to...
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At PwC forum, experts seek adequate measures against energy theft
December 1, 2016 No Responses

At PwC forum, experts seek adequate measures against energy theft

Energy theft and challenges associated with gas supply on Wednesday dominated discussions at the 2016 edition of PwC Power & Utilities Roundtable in Lagos. Participants at the event attended by various stakeholders called on relevant government agencies to...
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NJIC to maintain current wages
December 1, 2016 No Responses

NJIC to maintain current wages

The National Joint Industrial Council (NJIC) has agreed to discontinue further negotiations for the increment of wages of dock workers given the prevailing economic conditions facing the maritime industry in general and Nigeria in particular. This decision was...
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Minister explains role of creative industry in economic growth, recovery
December 1, 2016 No Responses

Minister explains role of creative industry in economic growth, recovery

The Federal Government has included the Creative Industry in its Economic Recovery and Growth Plan in order to underscore the political will to harness the immense potential of the sector for economic empowerment. The Minister of Information and Culture, Alh...
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NECA faults ‘cool-off’ provisions in FRC’s Code of Corporate Governance
November 30, 2016 No Responses

NECA faults ‘cool-off’ provisions in FRC’s Code of Corporate Governance

The Nigeria Employers’ Consultative Association (NECA) on Tuesday criticised provisions in the recently suspended Code of Corporate Governance of the Financial Reporting Council (FRCN). According to NECA, there is no justification for the mandatory ‘co...
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Labour seeks industrial harmony, outstanding salaries for Ministry of Defence staff
November 30, 2016 No Responses

Labour seeks industrial harmony, outstanding salaries for Ministry of Defence staff

 Industrial harmony in the workplace will be enhanced if the management and workers put the interest of the organisation first. Making the declaration in a lecture he delivered at the 2016 Annual Seminar of the Ministry of Defence unit of...
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ASEA re-elects Onyema, NSE CEO as President
November 30, 2016 No Responses

ASEA re-elects Onyema, NSE CEO as President

The African Securities Exchanges Association (ASEA) held its 20th Annual General Meeting (AGM) on Sunday 27, November where the election of officers took place. At the meeting, Mr. Oscar N. Onyema, OON Chief Executive Officer (CEO) of the Nigerian Stock...
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Lagos proposes N813b budget for 2017
November 30, 2016 No Responses

Lagos proposes N813b budget for 2017

The Lagos State Government has presented N813 billion budget proposal for the year 2017, an increase of N150 billion, when compared to the previous budget. Presenting the budget to the State House of Assembly on Tuesday, Governor Akinwunmi Ambode assured...
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Ford Ranger wins pick-up of the year title in Nigeria
November 30, 2016 No Responses

Ford Ranger wins pick-up of the year title in Nigeria

The Ford Ranger has been selected as the 2016 Pick-up of the Year by the Nigeria Auto Journalists Association (NAJA), reinforcing its status as a segment-defining model in the highly competitive light commercial vehicle sector. The award, which was accepted...
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House Committee pledges support for NIMASA
November 30, 2016 No Responses

House Committee pledges support for NIMASA

The House of Representatives Committee on Maritime Safety, Education and Administration has resolved to support the rebuilding efforts of the Nigerian Maritime Administration and Safety Agency (NIMASA) in its quest to reposition, reform and restructure for the...
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MAN seeks reduction in interest rate
November 29, 2016 No Responses

MAN seeks reduction in interest rate

Manufacturers Association of Nigeria (MAN) on Monday appealed to the Central Bank of Nigeria to reduce interest rates as part of measures to lift various sectors. According to MAN, retaining the Monetary Policy Rate (MPR) at 14 per cent by...
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World Federation of Exchanges explain Commission’s crisis management proposal
November 29, 2016 No Responses

World Federation of Exchanges explain Commission’s crisis management proposal

The World Federation of Exchanges (WFE) on Monday notes the European Commission’s proposal for regulation regarding the recovery and resolution of CCPs, and welcomes the importance placed on consistency with international standards. According to WFE, the pro...
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NCC directs mobile operators to increase data tariffs
November 29, 2016 No Responses

NCC directs mobile operators to increase data tariffs

NCC directs mobile operators to increase data tariffs   (The Cable)– The Nigeria Communication Commission (NCC) has directed mobile operators to initiate a new data tariff regime from December 1, 2016 in what is effectively a price increase. In a...
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