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Tag: NAHCO

Ex-workers issue NAHCO, BPE two-week ultimatum over N1.13b benefit

Ex-workers issue NAHCO, BPE two-week ultimatum over N1.13b benefit

Aviation
Ex-workers of the Nigerian Aviation Handling Company Plc (NAHCO), have issued the management and the Bureau of Public Enterprises (BPE), a two-week ultimatum to explain the status of their N1.13 billion or face legal action. The aggrieved ex-workers numbering over 700 have engaged the services of human rights lawyer, Joe Nwokedi, to demand the payment of their terminal and severance benefits. And barring a round-table meeting between the ex-workers, NAHCO and BPE in two weeks, Nwokedi shall also be taking the matter up with the Economic and Financial Crimes Commission (EFCC), and Independent Corrupt Practices Commission (ICPC), for intervention. The Guardian recently reported the face-off between the NAHCO management and their former workers over a N1.13 billion-worth severance packa...
Gains in bellwethers lift market index further by N136 billion

Gains in bellwethers lift market index further by N136 billion

Capital Market
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), continued upbeat yesterday, as more high value stocks constituted the gainers’ chart, resulting to a further rise in market capitalisation by N136billion. Specifically, at the close of transactions, Tuesday, the All Share Index (ASI) rose by 261.12 points or 1.09 per cent to 24,202.87 points. Accordingly, investors gained N136billion in value as market capitalisation rose to N12.613trillion. The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which were; Okomu Oil, Dangote Cement, Presco, Unilever Nigeria, and Guaranty Trust Bank. Analysts at Afrinvest Limited, said: “We expect to see gains in the next trading session as investors continue to seek bargain hunting opportu...