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Ramon Oladimeji The Lagos Division of the National Industrial Court has ordered MTN Nigeria Communications to pay full four years post-disengagement salaries to 63 workers, who were laid off by the company in 2009. The court presided over by Justice P.O. Lifu also awarded additional N10,000 against MTN in favour ...

Akeem Lasisi The Lagos State Lotteries Board is working on a workable framework for the sub-sector in 2017. It wants to position the section of hospitality business in a way that will make it contribute more to the economic development of the state and the country at large. The General ...

’Femi Asu with  agency report The naira is seen weakening further against the United States dollar next week amid a crackdown in the parallel market currency traders and the persistent scarcity of the greenback. Reuters reported that foreign exchange demand by small businesses was set to surge ahead of holiday ...

’Femi Asu The African Development Bank Group and United Bank for Africa Plc have signed a $150m loan agreement to finance infrastructure and the Small and Medium-scale Enterprise’ projects, including women-owned enterprises in Nigeria. The Group Managing Director/Chief Executive Officer, UBA, Mr. Kennedy Uzoka, was quoted in a statement as ...

Olalekan Adetayo, Abuja Vice-President Yemi Osinbajo on Thursday put the figure of the 2017 Appropriation Bill yet to be presented to the National Assembly at about N7tn. However, he said the budget size was not big enough to make a huge difference in the nation’s economy. Osinbajo, who is the ...

Godwin Isenyo, Kaduna The Kaduna State’s 2017 Appropriation Bill of N214bn was on Thursday passed into law by the state House of Assembly three weeks earlier than it did last year. The lawmakers approved N214.921bn as 2017 budget for the state as against N172bn it approved for 2016. The state ...

The Federal Government yesterday disclosed that it has uncovered unremitted revenue by federal Ministries, Departments and Agencies to the federation account to the tune of N450 billion. Minister of Finance, Mrs Kemi Adeosun who made the disclosure during a media briefing in Abuja, yesterday,  also said a recovery committee Chaired ...

Business in Brief | Leviathan wins $2 billion gas deal; Spacecom piggybacks on AsiaSat satellites; Tel Aviv Stocks down for fourth day running.

Source: UN Human Rights Council Country: South SudanThe world’s youngest country, South Sudan, is on the brink of catastrophe, said the UN Commission on Human Rights in South Sudan at the end of a ten-day visit.GENEVA/JUBA (1 December 2016) - The world’s youngest country, South Sudan, is on the brink of ...

Source: Food and Agriculture Organization of the United Nations Country: EthiopiaAs dryspells are likely to last until the 2017 spring rains, livestock-dependent households in southern zones of Oromia, Somali Regions and South Omo Zone will be affected. IN NUMBERS 9.7 million People food insecureUSD 91 million Required for humanitarian response in Ethiopia’s agriculture sector1.3 million People ...