Tag: see why
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Not All Workers Will Benefit From New Minimum Wage, See Why
Only 5.3 million Nigerians working in the formal sector will benefit from the new minimum wage, available data have shown. In other words, of Nigeria’s total population of 229 million people, 76 million (33.2 per cent) are workers, but not all of them will directly benefit from the wage increase because of some factors, analysts…
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Guinness announces plan to leave Nigeria, see why
Guinness has announced its decision to exit the Nigerian market and sell its controlling shares to Singaporean conglomerate Tolaram Group, effective Tuesday, June 11. The departure of Guinness adds to the growing list of multinational companies, such as GlaxoSmithKline and Microsoft, that have left Nigeria due to the challenging economic environment. The brewery company reported…
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JUST IN: 390 DSS Personnels Reportedly Resign, See Why
The Department of State Services (DSS) is facing a crisis, as over 390 personnel have signaled their intention to resign, insiders have confirmed. According to journalist, Jackson Ude who posted on his Twitter page, the mass exodus stems from dissatisfaction with poor allowances and the continuous retention of Yusuf Magaji Bichi, the Director-General (DG) of…
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BREAKING! Court denies Binance executive, Gambaryan bail, see why
A Federal High Court Abuja, on Friday denied the bail application of a crypto currency firm executive, Tigran Gambaryan. Justice Emeka Nwite, while delivering the ruling held that the bail application is refused as he has carefully gone through the application submitted before him and resolved that the defendant will jump bail if granted.…