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Organised Labour Unions Suspend Industrial Action

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labour-ministry

By Modupe Gbadeyanka

The industrial action earlier planned for Tuesday, November 6, 2018 by the organised labour unions in Nigeria has been called off.

The action was cancelled on Monday night after a marathon meeting with representatives of government and the organised private sector.

The labour unions had asked Nigerians to prepared for an indefinite strike after government failed to agree to the N30,000 proposed as the new national minimum wage.

After the meeting on Monday night, national president of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba, said agreements were reached during the tripartite committee set up to come up with the new minimum wage, with the documents to be submitted to President Muhammadu Buhari by 4:30pm on Tuesday.

“Having reached this position and agreements signed, the proposed strike action is hereby suspended,” the labour leader said.

It was gathered that two figures were proposed in the documents to be submitted to Mr Buhari today; N24,000 and N30,000.

However, Mr Wabba refused to disclose the figure of the new minimum wage arrived at by the committee.

Business Post reports that the present national minimum wage is N18,000 and it should have been reviewed in 2016, going by the constitution, which provides for a review of the national minimum wage every five years.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Nominations Open for CIO & C-Suite Awards Africa 2025

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Abiola Laseinde

By Modupe Gbadeyanka

Organisers of the CIO & C-Suite Awards Africa for 2025 have opened the portal for nominations, calling on interested parties to submit their entries on or before August 31.

A statement disclosed that nominations for the awards commenced on June 2. Entries will be received from about 15 African countries, an improvement from the previous year.

This expansion underscores a strong commitment to recognizing excellence and leadership across the continent, fostering collaboration, and inspiring the next generation of innovators.

It was stated that this year, nominations will come from Nigeria, Kenya, Uganda, Rwanda, Ghana, Senegal, Côte d’Ivoire, Cameroon, Togo, South Africa, Angola, Zambia, Morocco, Tunisia, and Egypt. They are expected to be submitted via www.thecioawards.ng.

CIO & C-Suite Awards Africa, now in its sixth edition, remains a prestigious platform to celebrate visionary leaders driving innovation, transformation, and impact across sectors through the strategic use of technology and enterprise leadership.

It has evolved into a truly pan-African initiative that honours outstanding Chief Information Officers, CTOs, CDOs, as well as other C-Suite Executives, and senior digital leaders who are shaping the future of their industries.

Nominations are now open across a wide range of sectors, including Education, Other Financial Institutions, Fintech, Media, Telecommunication, Technology Services, Fast-Moving Consumer Goods (FMCG), Banking, Agriculture, Aviation, Public and Social Services, Energy and Health.

These categories reflect the diversity and dynamism of the African business landscape, and the Awards aim to celebrate leaders making a measurable impact in these fields.

All nominations will be reviewed by a distinguished jury comprising respected industry leaders and subject matter experts.

The awards process receives technical support from Deloitte Nigeria, while KPMG Nigeria serves as independent assurance partner, ensuring transparency, credibility, and alignment with global best practices.

Nominees will be evaluated based on innovation, leadership, impact, and strategic alignment with business goals.

Nominations are open to the public. Organizations, peers, and industry stakeholders are encouraged to submit nominations for professionals who exemplify exceptional leadership, strategic vision, and a commitment to digital transformation within their organizations and sectors.

“This year’s expansion reflects our deep commitment to showcasing Africa’s finest in technology and enterprise leadership. We are building a pan-African stage to spotlight those shaping the continent’s digital future,” the chief executive of Edniesal Consulting and convener of CIO & C-Suite Awards Africa, Ms Abiola Laseinde, said.

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PaidHR Raises $1.8m Seed Fund to Boost Operations

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PaidHR

By Adedapo Adesanya

Nigerian human resources business management startup, PaidHR, has raised a $1.8 million seed round to expand its operations in the country, with the funding support provided by Accion Venture Lab, Zrosk, Chui Ventures, and Zedcrest Capital.

PaidHR plans to deepen its market share within Nigeria, accelerate product development, and expand its customer success teams with the latest round of funding.

The new funding round brings PaidHR’s total investment to about $2.9 million.

The HR-tech startup raised $500,000 pre-seed in 2022 and an additional $600,000 in 2023.

Founded in 2020 by Mr Seye Bandele and Mr Lekan Omotosho, PaidHR provides a comprehensive platform for payroll, HRIS, compliance, performance management, and Earned Wage Access (EWA).

PaidHR’s cross-border payroll system supports 49 currencies, empowering businesses to pay employees in their local currencies and navigate the complexities of international HR management.

With over 200 businesses under its arm, the startup generates revenue through subscription fees and transaction fees from payroll processing.

In 2024, PaidHR reportedly processed N29 billion in salaries, nearly doubling the amount processed in 2023.

“We are proud to support the team as they deliver scalable, cost-effective solutions that help strengthen small businesses and enable employees to take control of their financial lives,” said Amee Parbhoo, managing partner at Accion Venture Lab.

The startup recently launched an employee wallet app that enables employees to access and spend their wages without needing to transfer funds to a bank.

PaidHR claims the wallet app currently processes over N1.3 billion monthly and is targeting an increase with the latest round.

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Again, TCN Restores Electricity to Nigeria’s Northeast

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Transmission Company of Nigeria TCN

By Adedapo Adesanya

The Transmission Company of Nigeria (TCN) has announced the restoration of bulk electricity supply to the Northeastern part of the country,

According to a statement signed by the TCN General Manager for Public Affairs, Mrs Ndidi Mbah, the supply was restored through the 330kV and 132kV Jos-Bauchi-Gombe transmission lines.

She said that the lines were initially switched off to enable TCN energise the new Bauchi Substation – one of the biggest substations in the region to the national grid.

”The transmission lines have now been reconnected back to the grid. Consequently, supply to the northeast has been restored since the June 19 at about 4.45 pm.

”With the project completed, bulk power transmission has been restored to Jos and Yola Electricity Distribution Companies, which supply electricity to customers in Bauchi, Gombe, Yobe, Damaturu, Adamawa, and Taraba states,” she said.

Mrs Mbah said that the connection of the new substation to the national grid had enhanced power reliability, diversified transmission routes, and improved emergency response capabilities in the North Eastern region.

According to her, TCN appreciate the patience and support of the affected customers during the outage.

Recall that last year, the Shiroro-Kaduna transmission line, which supplies power to Northern Nigeria, was vandalized by insurgents and in response, TCN, at the time, said it has partnered with the National Security Adviser’s office to secure the area.

Activities of vandals have been an impediment to electrifying Nigeria’s large population with disparity in access to power, especially in the country’s north, cited as a drawback in attaining economic power over the years.

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