Business

Nigerian govt to announce new minimum wage –NLC president

The Federal Government is set to announce the new minimum wage as the Tripartite Committee completes its assignment.

The outcome of the Tripartite Committee has been submitted to President Muhammadu Buhari.

Mr Ayuba Wabba, President of Nigeria Labour Congress, made this known while speaking with newsmen on Monday in Abuja.

According to him, the committee used two days to reconvene and deliberate on a new minimum wage that was acceptable to all employers of labour in the country.

Nigeria’s oil, gas export sales hit $416m in one month

Nigeria has recorded a total crude oil and gas export sales of $416.07 million in June, which is 35.78 per cent higher than the previous month. The Nigerian National Petroleum Corporation (NNPC), which yesterday announced this in the June 2018 edition of the Monthly NNPC Financial and Operations Reports, also indicated that the crude oil export sales contributed $274.95 million, which translates to 66.08 per cent of the dollar transactions compared with $244.72 million contribution in the previous month.

181 countries to tackle Big Tobacco meddling in treaty talks

No fewer than 181 countries are converging on Geneva, Switzerland for the Eighth Conference of the Parties (COP8) of the global tobacco treaty to shut off one of the last avenues of influence the tobacco industry has to interfere with public health policymaking at the talks.

  At the conference holding holding October 1 through 7, 2018, participating countries will advance a provision that will prohibit the tobacco industry from exploiting public badges, which are primarily used by tobacco industry representatives to delay, block and weaken the treaty.

NIMASA drums support for NSDP Cadets to participate In NYSC scheme

The Nigerian Maritime Administration and Safety Agency (NIMASA) has assured graduates under the National Seafarers Department Programme(NSDP) that it would engage management of the National Youth Service Corps (NYSC) for beneficiaries  to participate  in the scheme. 
The Director General of NIMASA, Dr. Dakuku Peterside disclosed this while reacting to some of the demands made by the aggrieved cadets during last Monday protest at the agency's corporate head office in Lagos.  

Skyebank: ASSBIFI advise customers to continue business

By Eberechi Obinagwam

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has advised customers of the defunct Skyebank, now Polaris bank, to continue to do business with the bank as there is no cause for alarm.

  Before the revocation of the operating license of Skyebank, the Federal Government through the Asset Management Corporation of Nigeria (AMCON) had injected N786 billion in it.

AAMA re-elects Dakuku as chairman

.Says Africans deserve better share of world maritime trade

By Valentine Amanze

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has been re-elected the Chairman of the Association of African Maritime Administration (AAMA) for another term.

  Dakuku, who is the incumbent chairman of the association, was unanimously elected to continue to lead the body by the member-states present at the 4th conference of the continental body which met at the El-Sharm sheik in Egypt, recently.

Firm asks court  to wind up  Summit Oil over debt

limited liability company, Seistech Energy Company Limited (applicant) has filed a petition before a Federal High Court sitting in Lagos, Southwest Nigeria, urging the court to wind up Summit Oil International Limited (respondent) an exploration and production oil company, on the ground that the company is insolvent and unable to pay its debt .

What Nigeria will gain via tobacco control –Oluwafemi, Esan

By Valentine Amanze

Nigeria Air: Foreign investors, international community won’t take Nigeria serious again –Peter Obi

Former Governor of Anambra State, Mr. Peter Obi, has expressed shock over the sudden suspension of plans by the Federal Government to float a new national carrier to be known as Nigeria Air.

Minister of State for Aviation, Senator Hadi Sirika, who unveiled the airline with fanfare on July 16 at the Farnborough International Air Show, United Kingdom, announced the suspension of the project via his Twitter handles on Wednesday afternoon. He said the decision was taken by the Federal Executive Council and gave no reasons.

FG suspends Nigeria Air indefinitely – Minister

The Minister of State for Aviation, Hadi Sirika, on Wednesday, announced the suspension of the planned national carrier, Nigeria Air.

On his Twitter handle, @hadisirika, Sirika tweeted: I regret to announce that the Federal Executive Council has taken the tough decision to suspend the National Carrier Project in the interim. All commitments due will be honoured. We thank the public for the support as always.”

Recall that Nigeria Air was launched in London earlier this year with unveiling of the airline’s logo. (NAN)

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