Breaking: Heritage Bank Sacks 400 Staff

Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations by the News Agency of Nigeria, NAN, on Monday indicated that more workers are pencilled for sack. NAN reports that the bank, in October 2014, acquired Enterprise Bank with about N56 billion ($281 million). A top management source…

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Inflation Rate Hits 18.55% – NBS

By Philips Sunday Abuja, (AN24) – The National Bureau of Statistics has released the Consumer Price Index which measures inflation with the index rising by 18.55 per cent in the month of December 2016.…

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Just In: NUPENG Begins 3 Day Nationwide Strike

Ganiyat Ganiyu Nigeria Union of Petroleum and Natural Gas Workers, NUPENG on Wednesday, January 11, commenced a 3 day warning strike to protest over failure of some multinational oil companies to address the welfare of their workers. Petroleum depots across the country have been shut down following the strike action. According to report, leaders of…

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