Only 5% of Nigeria’s Private Sector Employers Invest in Childcare—Report

By Adedapo Adesanya The Nigeria Labour Congress (NLC) is set to embark on its planned strike as it said it does not have any agreement with the federal government to shelve the action. This came from its Head of Information and Public Affairs, Mr Benson Upah, who countered a statement by the Ministry of Labour and Employment. Mr Upah also said the NLC did not have any date for a meeting with the government that may lead to the suspension of the proposed strike. “We do not have any agreement with the government to suspend the planned strike action. Neither

By Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

By Bliss Okperan The Lagos State Waste Management Authority (LAWMA) has announced the immediate closure of the popular spare parts market, Ladipo Market, over an “unhygienic environment.” In a statement on Friday, the waste management agency said it shut down the market due to the unwholesome environmental practices by traders who refused to pay for waste services alongside the poor waste management. The Commissioner for Environment and Water Resources in Lagos, Mr Tokunbo Wahab, said the market would remain closed until the mandatory conditions of redress have been met by traders and market stakeholders. “It is imperative that markets in

By Adedapo Adesanya Nigeria’s former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, who faces bribery charges filed against her by the United Kingdom (UK) government, was on Monday granted bail in a London court. Reading his judgement, District Judge Michael Snow granted her bail in terms and conditions, including a curfew that ordered her to stay indoors between 11 pm and 6 am. He also ordered her to always wear an electronic tag and imposed a £70,000 surety to be paid before she could leave the court building on Monday. According to Reuters, the former minister, during her Monday appearance

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has reiterated that it is on course to deliver the ongoing 614 kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. This assurance was given by the Group Managing Director of the state oil corporation, Mr Mele Kyari, adding that it would create prosperity through massive job opportunities and guarantee peace for the country. In a statement signed by the Group General Manager, Group Public Affairs Division of the NNPC, Mr Kennie Obateru, the GMD stated this at the Gas Sector Stakeholders’ Forum held in Kano last week. Themed Optimizing the Economic Development Capacity

By Modupe Gbadeyanka The Special Assistant to President Muhammadu Buhari on New Media, Mrs Lauretta Onochie, has been confirmed by the Senate as the Chairman of the board of the Niger Delta Development Commission (NDDC). Mrs Onichie was confirmed for the position on Tuesday after undergoing screening at the upper chamber of the National Assembly despite opposition to her nomination from a section of her home state, Delta State. On November 25, 2022, Mr Buhari wrote to the Senate, asking for the confirmation of Mrs Onochie and others on the board of the agency. The President, in the letter addressed

By Dipo Olowookere Former Vice President, Mr Alex Ekwueme, has been confirmed dead at a hospital in London, United Kingdom. A statement issued by his family in Oko, Anambra State disclosed that the second republic VP was said to have died on Sunday night. On October 28, 2017, over two weeks after celebrating his 85th birthday, the elder statesman was rushed a hospital in Enugu after he collapsed at his residence in the Independence Layout area of Enugu. He was in a coma at the time he was admitted at the Intensive Care Unit of Memfys Hospital in Enugu after

By Rotimi Onadipe Investment scams are strategies used by fraudsters to lure unsuspecting investors into investing their money in a fake business that appears to be real. In most cases, they come with interesting and convincing stories of high profits with little or no risk. They may come in form of real estate, import and export, farming, buying and selling of products etc. The most common types of investment scams are: Pyramid schemes: This is when fraudsters claim they can invest with little amount and make huge profits within a very short time with little or no risk. Ponzi schemes:

By Modupe Gbadeyanka Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, recently went global with the Nigerian Content Advocacy, when he addressed delegates to the African Oil Week (AOW) in Cape Town, South Africa at the start of the African Local Content Forum. African Local Content Forum is an innovative inclusion in the bouquet of AOW plenaries promoted by NCDMB and other partners to serve as a high profile platform for NOCs, International and Independents Oil Companies, Service Companies to generate single vision of future roadmap for African Content within the global oil and gas

By Adedapo Adesanya For the third straight session, the NASD Over-the-Counter (OTC) Securities Exchange closed positive on Thursday with a marginal growth of 0.07 per cent largely driven by NASD Plc and Nigerian Exchange (NGX) Group Plc. At the close of business yesterday, the NASD Unlisted Security Index (NSI) increased by 0.55 points to wrap the session at 743.52 points compared with 742.97 points of the previous session. In the same vein, the total value of the unlisted securities market went up by N470 million to close the day at N646.24 billion in contrast to N645.77 billion it ended a

By Dipo Olowookere The chairman of Afrinvest Securities Limited, Mrs Fatumata Soukouna Coker, has been appointed to the board of NASD Plc as a non-executive director. The Liberian-born entrepreneur is an expert in global and emerging markets and has worked with a wide variety of companies in the USA, Africa, India, and the Middle East. She has over 20 years of experience working with Fortune 500 companies in the high-tech industry, including extensive global management responsibilities at IBM in the USA, African experience at Microsoft and Nigerian experience at Soft Solutions Limited, a Nigerian information technology solutions company. Mrs Coker

By Adedapo Adesanya The federal government, through the Ministry of Finance, in collaboration with the Nigeria Customs Service (NCS), has commenced moves to create a vehicle database (VREG) with a view to checkmating import duty evasion and theft. This was disclosed at the just-concluded training programme hosted by the NCS. Mr Nnamdi Nwajiuba, the Business Analyst at Fourcore Technology Solutions Limited, a consultant to the Federal Ministry of Finance on the VREG, explained that the policy will provide lasting solutions to the menaces of customs duty evasion, vehicle theft and vehicle-related crimes. He further said the system would address ineffective