PenOp urged on better engagement with retirees

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The Nigeria Employers’ Consultative Association (NECA) has called on organised labour and governors to sheath their swords and wait for the tripartite committee negotiating the new national minimum wage to finalise its assignment.

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Notwithstanding the business challenges in the country, Access Pensions has announced a 70 per cent surge in revenue, with turnover rising from N7 billion in 2022 to N12.3 billion in 2023.

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Guaranty Trust Holding Company Plc (GTCO) posted a profit before tax (PBT) of ₦509.3 billion in its First quarter (Q1), 2024 operations, against N74.1 billion achieved in the corresponding period in 2023.

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Manufacturing companies, especially those under the Fast-Moving Consumer Goods (FMCG) sector, have extended last year’s losses into the first quarter (Q1) with financial reports of four firms in the sector reporting combined foreign exchange (FX) losses of about N300 billion.

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Lafarge Africa Plc has assured that the firm would continue to invest in research and development as well as explore opportunities for operational optimisation, even as shareholders endorsed the company’s total dividend of N30.6 billion, culminating in N190 kobo per 50 kobo ordinary shares due to every investor of the firm for the 2023 financial year.

Source:

Business News | Guardian Nigeria