Day: August 3, 2022

Aug 03

NIN numbers to replace signatures for business registration- CAC

The Corporate Affairs Commission (CAC) has stated that National Identification Number (NIN) would replace signatures required by applicants for business and company registration. This was disclosed by Alhaji Garba Abubakar, the Registrar-General of CAC. He revealed CAC’s partnership with the National Identity Management Commission (NIMC). He stated that the CACs with NIMC have reached an […]

Aug 03

ASUU strike: We’ve adopted voluntary conciliation – Ngige gives fresh update

Chris Ngige, the Minister of Labour and Employment, has revealed that voluntary conciliation was adopted to ensure a quick resolution of the ongoing strike by the Academic Staff Union of Universities (ASUU). Ngige disclosed this on Tuesday at a three-day capacity-building workshop on International Labour Standards and Dispute Resolution in Nigeria in Abuja. The workshop […]

Aug 03

85 percent of Nigerian children suffer violent discipline in schools – UNICEF

The United Nations Children’s Fund, UNICEF, has said 85 percent of Nigerian children suffer violent discipline in schools. UNICEF said children between the ages of 1 and 14 experience violent discipline in schools. The Chief of Education, at UNICEF, Saadhna Panday-Soobrayan, said nearly 1 in 3 children experience severe physical punishment. Panday-Soobrayan disclosed this on […]

Aug 03

Abdulsamad Rabiu’s BUA Foods records drop in wheat, sugar sales for H1 2022

BUA Foods generated N168.85 billion revenue from its household consumables in the first half of 2022, above the N151.73 billion grossed during the corresponding period in 2021. While the company’s revenue grew 11.2% year-on-year, turnover was slowed by its wheat and fortified sugar, as earnings from sales of the products declined during the review period. […]

Aug 03

ASUU strike: FG says it has adopted voluntary conciliation to end strike

The Nigerian Government said it will adopt voluntary conciliation to end the ongoing strike by the Academic Staff Union of Universities (ASUU). This was disclosed by the Minister of Labour and Employment, Sen. Chris Ngige on Tuesday at a 3-day capacity building workshop on International Labour Standards and Dispute Resolution in Nigeria on Tuesday in Abuja. He […]

Aug 03

Naira strengthens at black market after big fall

Naira gained significantly against the U.S. dollar at the parallel market on Tuesday, after crashing to an all-time low of N710.00 last week. Currency traders in Abuja and Uyo said they bought the dollar at about N635 and sold between N640 and N645 on Tuesday, against N685 it traded in the previous session on Monday. […]