Pay N18,000 minimum wage or go to jail By Funmi Komolafe & Victor Ahiuma- Young Tuesday, July 13, 2010 LAGOS-ANY ONE who fails to comply with the new National Minimum Wage Act when passed by the National Assembly is likely to pay a fine not exceeding N50,000, and in the case of continuing offence, to a fine not exceeding N100,000 for each day during which the offence continues.
Why CBN removed Mike Adenuga as member of the board of Equitorial Trust Bank (ETB)
Why CBN removed Mike Adenuga as member of the board of Equitorial Trust Bank (ETB) Saturday, October 3, 2009 THE Central Bank (CBN) removed business mogul, Chief Mike Adenuga, from the board of Equitorial Trust Bank (ETB) in compliance with its policy to discourage sole proprietorship in the industry, Sunday Vanguard can reveal.
Africa
Africa 13.07.2010
Power generation: Nigeria needs 1. 2bn scf of gas monthly, says Minister By Oscarline Onwuemenyi Tuesday, July 13, 2010 ABUJA - Minister of State for Power, Nuhu Wya, has stated that the country would require more gas than it currently gets at its thermal plants if it is to improve power generation, even as he disclosed that increase in rain fall had led to a rise in the power generation to about 3700MW over the past few weeks.