Economy Archives - Page 44 of 95

Mar

01

2024

National Minimum Wage Committee Calls for Stakeholder Participation

Economy, Lifestyle, Metro, News, OpinionNext Level

The tripartite committee overseeing the proposal of a new national minimum wage for Nigerian workers has announced a public hearing scheduled for March 7. Chaired by Bukar Aji and inaugurated by Vice President Kashim Shettima, the committee aims to consult with all stakeholders across the country. Led by Ekpo Nta, Chairman of the National Salaries, Incomes, and Wages Commission (NSIWC), the committee's mandate is to recommend a realistic and practical minimum wage in consideration of the nation's economic dynamics. Public hearings are set to take place simultaneously across the six geo-political zones, starting at 10:00 a.m. Stakeholders including state and…

Feb

28

2024

By Amos Oge Kalu

ABIA: New Opportunities Birthed As Shettima inaugurates the 188MW geometric power plant in Aba

Abia State, Amos Oge Kalu, Business, Economy, Metro, News, Opinion, SponsoredAba, Abia State, Emeka Kalu, Metro

After Vice-President Kashim Shettima inaugurated the 188-megawatt geometric power plant in Aba, Abia state, to boost power supply to the region's industrial areas, it is clear that Abia State, especially Aba is ready to retake her place as the Japan of Africa in area of production and commerce. Reacting to this latest development in God's Own State, the president and CEO of ECK Foundation, Chief Dr. Emeka Kalu, described the project as a giant stride in the entire Southeast, urging other states to replicate the feat so that the region will solve the problem of power supply and create new…

Feb

28

2024

By David Okoye

Navigating Economic Hardship: Advice from Flour Mills HR Head

Business, Economy, Metro, News, OpinionEconomy

Lara Yeku, Head of Human Resources at Flour Mills of Nigeria, offers advice to Nigerians on overcoming economic challenges. In an interview in Lagos, she emphasizes the importance of creativity and resilience in identifying and seizing opportunities for wealth creation amid widespread hardships. Yeku highlights the impact of economic difficulties on individuals, businesses, and society as a whole, stressing the need for a proactive approach in response to crises. She advocates for emotional awareness, exploration of options, community collaboration, and lifestyle changes as essential strategies for navigating economic uncertainties. Encouraging a shift from reactive emotions to proactive reflection, Yeku suggests…

Feb

28

2024

By David Okoye

Vandals Damage TCN’s Gwagwalada-Katampe Transmission Line

Economy, Metro, NewsCrime

The Transmission Company of Nigeria (TCN) reported that vandals have destroyed its 330 kV Gwagwalada-Katampe Transmission Line, leading to a reduction of 250 MW in power supply flexibility and volume into Abuja. The incident occurred on Monday night at approximately 11:32 p.m. According to TCN's General Manager of Public Affairs, Ndidi Mbah, the destruction occurred when tower 70 on the transmission line collapsed due to the destruction of its four tower footings. This caused the tower to fall to the ground, supported only by the conductors. In response to the incident, TCN has mobilized its team to the site and…

Feb

28

2024

By David Okoye

Nigerian Film Distributor Honored at Toronto Film Festival

Economy, Entertainment, Lifestyle, NewsMetro

Joy Odiete, the founder of Blue Pictures Cinema, has been awarded the Toronto International Nollywood Film Festival (TINFF) Award of Excellence for her outstanding contributions to the African film industry's content distribution sector. The award recognizes her years of dedicated service since entering the industry in 2005. Expressing her gratitude, Odiete emphasized the significance of the award and its acknowledgment of Blue Pictures' efforts to reshape the narrative of African cinema. She thanked TINFF and the Mayor of Brampton for the recognition, attributing the achievement to the collective efforts of her team and partners. TINFF is renowned for its celebration…