By GLEBM News Desk Nigeria’s effort to commercialise gas currently being flared is facing implementation challenges, with about 22 of the 42 companies awarded access to flare-gas resources yet to make significant progress on developing their projects. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed the development as the Federal Government renewed…
By GLEBM News Desk Multiple taxation, insecurity and high interest rates emerged as the leading constraints confronting Nigerian businesses in September, even as overall private-sector confidence remained positive, according to the latest Central Bank of Nigeria Business Expectations Survey. The survey put Nigeria’s Business Confidence Index at 13.4 points in September, indicating that businesses remained…
By GLEBM News Desk Non-teaching staff at Lagos State University have commenced an indefinite strike over the alleged failure of the Lagos State Government to implement provisions of an agreement covering allowances and other employment conditions. The Senior Staff Association of Nigerian Universities approved the industrial action for its LASU branch after the expiration of…
By GLEBM News Desk The Lagos Chamber of Commerce and Industry has called for measures to limit the impact of global energy-price movements on Nigerian households and businesses, saying the next phase of economic reforms should focus on converting macroeconomic stability into stronger productivity and competitiveness. The chamber made the call in an Independence Day…
By GLEBM News Desk The Coca-Cola system in Nigeria supported approximately 160,200 jobs and generated an estimated $1 billion in economic value in 2024, according to a socio-economic impact assessment conducted by global consultancy Steward Redqueen. The assessment examined the company’s wider economic footprint rather than only its direct workforce, taking into account employment and…
By GLEBM News Desk The Nigeria Labour Congress has used Nigeria’s 66th Independence anniversary to raise fresh concerns over the worsening cost of living, declining purchasing power and the economic pressures confronting workers and households across the country. In an Independence Day statement signed by its President, Comrade Joe Ajaero, on September 30, 2026, the…
By GLEBM News Desk The Federal Government and the International Labour Organization are reviewing Nigeria’s youth employment strategy with an emphasis on connecting skills development more directly to the needs of businesses and the availability of decent work. A two-day private-sector consultation held in Lagos focused on the challenges employers face in recruiting and retaining…
By GLEBM News Desk A Federal Government skills acquisition programme designed to reach five million young Nigerians has moved into its Oyo State phase, with officials highlighting technical training and entrepreneurship as part of efforts to improve employability and support income-generating activities. The programme’s Oyo phase commenced on September 28 and is scheduled to run…
By GLEBM News Desk Nigeria’s ability to generate sufficient employment and raise productivity will depend partly on whether investment expands across businesses, infrastructure, innovation and workforce development, the Nigerian Economic Summit Group has said. The private-sector-led policy organisation warned that current investment levels remain inadequate for the scale of job creation and broad-based economic growth…
By GLEBM News Desk Nigeria’s manufacturing sector is facing continued pressure from elevated production costs, exchange-rate exposure and weak consumer purchasing power, prompting renewed calls for policies that help businesses expand production rather than simply endure difficult operating conditions. The Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, has warned that the ability of…
