Economy
Are You Looking After Your Domestic Worker?
Domestic workers are integral to many of our homes, but are you making sure the person who keeps the wheels of the house turning while you’re at work is being treated fairly? Read on for five ways you can make a difference in her life.
The small details count
If you think about how lovely it is to have small perks at your work, the same holds true for your domestic worker. Tiny details can make a big difference, such as giving her the household’s Wi-Fi password so that she can listen to music on her phone while working, and by creating a dedicated space where she can put her handbag or bag down and safely keep items like toiletries to freshen up with after a long day’s work.
“Many domestic workers live lives that are more challenging than most of us could ever imagine, so think of things you can do to make her life easier,” says Aisha Pandor, CEO of SweepSouth Connect, a new on-demand home services company in Nigeria. “For instance, if you are able, pick her up at the public transport drop-off point closest to your home. It’s an empathetic gesture that saves her time, allowing her to spend more quality time with her family.”
Create a relationship
How much do you know about the individual who – very often – is at the heart of your household? A social and economic power imbalance already exists between you and your domestic worker, so make a real effort to bridge it. Ask her about her life, her family and what keeps her awake and worrying at night. A great way to build a positive relationship is by recognising areas she excels in and giving positive feedback on work done well.
Upskill your domestic worker if you can, with a cooking course, driving lessons or a course in first-aid and CPR. Learning a new skill is not only empowering, it helps her become more employable should anything happen to affect her employment status with you. If you can’t afford to pay for a course, pay it back by giving your domestic worker an hour in her working day with you to do a free course, and assist with online registration. Another lovely gesture is to give her any points or credits you’ve accumulated from retailers at the end of the year to help her buy groceries or Christmas gifts for her family.
Is she safe in your home?
Domestic workers are often alone at your home during the day, shouldering a lot of responsibility to keep the property safe and protect any children or pets left in their care. Have regular talks about safety and security protocols so that she knows exactly what to do in case of an emergency, and have the numbers of local emergency, medical and police services on display.
Always inform your domestic worker about any contractors coming to work on your premises during the day and caution her to never open the door for strangers, regardless of the story they give. The media is full of reports of criminals conning their way into homes then assaulting and tying up domestic workers before ransacking the house. Take every safety precaution you can – your domestic worker also has a family she wants to safely get home to at the end of the day.
Make sure that what you pay is fair
Domestic workers are some of the most vulnerable members of the labour system, says Aisha. “Each year we conduct research into the living and work conditions of domestic workers, and our last report shows that 48 per cent of the domestic workforce are single parents and 65 per cent are the main breadwinners in the household. They are often trapped in a cycle of poverty, struggling just to make ends meet and put food on the table, so it’s heart-breaking that many of them are still being exploited in terms of long work hours and poor pay. Make sure that you pay a good wage for good work.”
There are many ways, big and small, in which you can make a difference in your domestic worker’s life, says Aisha. “Small acts of kindness, some of which are incredibly easy to do, can make a huge difference to her.”
By Adedapo Adesanya
The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has said ongoing reforms and strategic policy implementation in Nigeria’s petroleum sector are driving significant investments and strengthening the country’s position as a leading energy destination in Africa.
Mr Lokpobiri stated this at the Management Retreat of the Ministry of Petroleum Resources, where he stressed the need for improved institutional performance and accountability to sustain growth in the sector.
According to the Minister, the federal government has deliberately pursued far-reaching reforms aimed at creating a stable and investor-friendly environment capable of attracting local and foreign capital into the oil and gas industry.
“From far-reaching institutional reforms to the effective implementation of strategic policies, we have remained committed to carrying all stakeholders along, fostering a conducive environment for investments to flourish,” Mr Lokpobiri said.
“As a result, our petroleum sector has witnessed significant investments that continue to strengthen Nigeria’s position as a leading energy destination.”
The Minister noted that the gains recorded in the sector were the product of collective efforts across the Ministry and its agencies, commending staff for their dedication and professionalism.
“The Management Retreat of the Ministry of Petroleum Resources provided an important platform to reiterate that these accomplishments would not have been possible without the collective dedication, professionalism and teamwork of every staff member across the Ministry and its agencies,” he stated.
Mr Lokpobiri said the retreat, themed Driving Institutional Performance and Accountability in the Petroleum Sector for Sustainable National Development, underscored the importance of continuous improvement in service delivery and operational efficiency.
Drawing lessons from the theme, he urged officials of the Ministry and regulatory agencies to intensify efforts toward enhancing institutional effectiveness and strengthening governance frameworks.
“I encouraged that we must redouble our efforts, continuously improve the quality of our services, and strengthen institutional performance,” he said.
The Minister further emphasised the continued relevance of fossil fuels in the global energy mix, stressing that Nigeria must leverage its hydrocarbon resources to drive economic growth while ensuring citizens benefit from ongoing reforms.
“With fossil fuel as the dominant source of energy, we must ensure that Nigerians experience the benefits of our progress and that Nigeria remains the preferred investment destination in Africa and a globally competitive hub for energy investments,” Mr Lokpobiri added.
By Aduragbemi Omiyale
The N3.2 billion rights issue of Universal Insurance Plc has been extended by almost two weeks after securing regulatory approval.
The exercise was earlier scheduled to close on June 10, 2026, but will now close on Monday, June 22, 2026.
The extension was granted by the Securities and Exchange Commission (SEC) after a request from the underwriting organisation.
In the rights issue, Universal Insurance is offering to shareholders 2,666,666,667 ordinary shares of 50 Kobo each at N1.20 per share on the basis of one new ordinary share for every existing six ordinary shares held as of the close of business on Monday, March 30, 2026.
Subscription for the acquisition of the company’s extra shares opened on Wednesday, May 13, 2026.
The extension gives investors more time to increase their stake in the insurance firm, which intends to use proceeds from the exercise to boost its capital base, as mandated by the National Insurance Commission (NAICOM).
Insurance companies operating in Nigeria have been given till July 31, 2026, to shore up their capital base or pack up. Operators can also explore a merger if they wish.
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited opened its doors to market participants in four days last week as a result of a public holiday observed on Friday, June 12, for 2026 Democracy Day in the country.
In the week, investors bought and sold 4.964 billion shares worth N207.521 billion in 235,966 deals, as against the 3.966 billion shares valued at N175.659 billion that exchanged hands in 343,587 deals a week earlier.
Analysis showed that the financial services industry led the activity chart with 4.116 billion shares valued at N84.607 billion in 96,165 deals, contributing 82.92 per cent and 40.77 per cent to the total trading volume and value, respectively.
The services sector transacted 232.479 million shares worth N4.955 billion in 17,614 deals, while the industrial goods segment exchanged 144.988 million shares worth N39.077 billion in 24,775 deals.
Sterling Holdings, FCMB, and Access Holdings were the most traded stocks with 2.883 billion units sold for N36.188 billion in 15,533 deals, accounting for 58.09 per cent and 17.44 per cent of the total trading volume and value, respectively.
A total of 40 equities appreciated in the week versus 23 equities in the previous week, 53 equities depreciated versus 65 equities a week earlier, and 53 equities remained unchanged versus 58 equities in the preceding week.
ABC Transport was the best-performing equity for the week after it gained 25.60 per cent to trade at N7.80, Consolidated Hallmark appreciated by 23.13 per cent to N8.25, Abbey Mortgage Bank rose by 21.93 per cent to N11.40, Infinity Trust Mortgage Bank grew by 20.32 per cent to N11.25, and Austin Laz soared by 15.16 per cent to N4.33.
The worst-performing equity last week was Fidson Healthcare because of its 25.86 per cent loss, closing at N101.20. Neimeth declined by 19.14 per cent to N8.55, Union Homes REIT shed 17.36 per cent to close at N70.00, SUNU Assurances slipped by 11.38 per cent to N3.97, and Unilever Nigeria dropped 10.26 per cent to trade at N140.00.
As for the index movement, the All-Share Index (ASI) and the market capitalisation chalked up 0.88 per cent each to settle at 244,738.74 points and N156.970 trillion, respectively.
Similarly, all other indices finished higher apart from the pension, AFR Bank Value, MERI Growth, MERI Value, consumer goods, Lotus II, industrial goods, sovereign bond and commodity indices, which fell by 0.03 per cent, 1.20 per cent, 0.21 per cent, 1.61 per cent, 0.54 per cent, 0.51 per cent, 1.00 per cent, 2.04 per cent and 0.34 per cent, respectively.
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