Business


President signs New Employees' Compensation Act
Dr. Goodluck Jonathan, Nigeria's President 
In a significant step towards the fulfilment of his promise to provide better working conditions for Nigeria's labour force, President Goodluck Jonathan has signed the new Employees' Compensation Act into law.
The new law repeals the Workmen’s Compensation Act of 2004 and its main objective is to provide a more open and fair system of "guaranteed and adequate compensation for all employees or their dependants for any death, injury, disease or disability arising out of or in the course of employment".’…read more

INEC blames hitches on Youth Corps members
Attahiru Jega, Inec Chairman
A scapegoat emerged yesterday in the hitches galore at the registration of would-be voters - Youth Corps members.
Their low knowledge of computer is responsible for the hitches in the registration of voters, the Independent National Electoral Commission (INEC) said.
But the electoral body moved to correct the lapses that have dogged the voter registration, which enters its third day today.
INEC’s National Commissioner in charge of Information and Publicity, Prince Solomon Soyebi, said the Commission overrated the Corps members mobilised for the exercise, thinking that they knew the workings of the computer-based equipment.
The 240,000 Corps members were, also yesterday, given “software instruction” to address the “technical challenges”…read more

No new electricity tarrif yet, Nerc Chairman
PHCN Headquarters
The Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, on Tuesday assured Nigerians that no decision has been taken on new electricity tariff contrary to speculative reports making the rounds in some print media.
Amadi expressed worry over claims of impending tariff adjustments that are credited to sources other than the Commission, which has "the mandate through the Electric Power Sector Reform (EPSR) Act 2005 to regulate the Nigeria Electricity Supply Industry (NESI) and take decisions on tariff."
The EPSR Act 2005 mandates NERC to among others, set end user electricity tariffs… read more