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Nigeria electricity distribution companies (DisCos) received only 2,830 megawatts (MW) of electricity yesterday as persistent gas shortages forced limitations across power plants, throwing most homes and industries into darkness. However, Nigeria…
Satisfaction with the way democracy is working has declined across Africa, undermining citizens’ confidence in democratic governance, Afrobarometer (www.Afrobarometer.org) CEO Joseph Asunka told participants Monday at the Africa Drive for Democracy…
ActionAid Nigeria and the Nigeria Labour Congress (NLC) have decried poor implementation of the N70,000 national minimum wage in some states, with a recent assessment putting compliance at 67 per…
The minimum wage is the lowest legally allowed income below which no worker in salaried employment should be paid. The rate varies across cities and countries. Contrastingly, it is higher in advanced countries than in developing countries because of the differences in the costs of living. For instance, with $15, one could pay for only one haircut in the United States. Converted, this same amount will buy roughly 30 haircut services in low and middle-income countries.
• Unions issue seven-day ultimatum over sacking of 400 workers The already poor power situation in the country may worsen going by a threat from the National Union of Electricity…
• Generation sustains sliding profile • Discos tie power outages to low output More gloomy days are ahead for Nigerians, as the Federal Ministry of Power yesterday confirmed that the…
Tetracore Energy Group, through its subsidiary Tetracore Power Company Limited, has announced the successful commencement of power generation and distribution from Phase I
NELMCO concludes audit of PHCN debt The Nigerian Electricity Regulatory Commission (NERC) has commenced the process of withdrawing operational licences of electricity generation firms which have failed to perform. Meanwhile,…
For Nigeria’s plans to generate electricity from nuclear power to be successful, there should be an independent regulatory body with clear authority and functions, separated from promotional bodies and functions,…
A digital financial institution and fintech platform, NorthQuest Finance has said saving and investing are increasingly becoming deliberate financial priorities among young Nigerians as rising living costs and changing income patterns push them to plan more carefully for their financial needs.
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