By Afolabi Oyekunle.   NASCON Allied Industries Plc has rewarded its shareholders with a historic 200 per cent increase in dividend payout, underscoring a remarkable financial performance that saw profit after tax surge by over 100 per cent to N33.5 billion in the 2025 financial year, despite a challenging operating environment.   The strong performance was unveiled at the Company’s 2025 Annual General Meeting (AGM) held in Lagos, where shareholders applauded the resilience, focus and strategic discipline of NASCON’s management and Board.  Reflecting the robust results, the Board of Directors approved a dividend of N6 per share—the highest since the Company was listed on the Nigerian Exchange, signalling NASCON’s confidence in its financial strength and long-term growth prospects.   Earnings per share (EPS) rose sharply by 115 per cent, from 577 kobo in the previous year to 1,241 kobo.  Describing the outcome as the best financial performance in NASC...

By Afolabi Oyekunle. Contributory Pensioners in Lagos state have been assured that their long time awaited Pension Arears will be paid by the government. The Chairman, NUPCPS, Lagos State Council, Comrade Michael Omisande gave the assurance, while addressing CPS  Retirees at Alagutan and Idimu Zones during their monthly meetings.  CPS Chairman, Comrade Michael Omisande. He said the state government has no excuse not to pay because President Bola Ahmed Tinubu has tripled the monthly allocation of state governments. Comrade Omisande told the Retirees that the Pension increases and the wage award would be paid together. He said there is no doubt on the sincerity of Governor Babajide Sanwoolu to implement the Pension increase being enjoyed by Federal Retirees adding that the Actuaries compiling the increase are not resting on their oars. Lagos state Governor Babajide Sanwoolu. Comrade Omisande said no fewer than 55, 000 Retirees in the state would benefit a...

By Afolabi Oyekunle. Newly elected National President of National Union of Petroleum and Natural Gas Workers (NUPENG) has assured that the union under his leadership will work tirelessly to uphold the dignity of labour, uphold the the good legacies left behind by immediate past leaders, collaborate with stakeholders and the government to better the economy and improve members welfare. NUPENG new President, Comrade Oladiti. Comrade Oladiti gave the assurance in his acceptance speech, at the 6th Quadrennial Delegates Conference of the Union, where he was unanimously elected as the new President. He assured that he will not disappoint the members of the Union for their confidence in him, as he will continue to work to improve the legacy left behind by the administration of the immediate President, Comrade Williams Akporeha and surpass it. Comrade Oladiti in his excitement moods at the Conference. He assured NUPENG members and workers that their rights and welfare w...

By Afolabi Oyekunle. A look at the Textile sector in Nigeria shows it is struggling to survive. Hitherto in the 1980's , the textile sector was to be proud of boasting of industries across the country and providing jobs to many people. Products from the textile industries then were to be proud of consisting of different brands of beautiful materials. Not only did the textile industries employed thousands of workers, they also contributed highly to the country's GDP and economic growth. However due to inconsistent economy policies which allowed influx of textile materials into the country, the once highly celebrated textile sector began to collapse leading to many companies closure and job loses. A cursory look at the textile industries today shows that only few of the companies are in existence as many had closed down. The once booming sector is now in a comatose as those in existence are still struggling with smuggle textile materials into the country. To many obse...

By Afolabi Oyekunle. The Managing Director of the Nigerian Railway Corporation, Dr. Kayode Opeifa has reiterated his  commitment towards training and exposure of the Corporation’s workers to the deepening of their  professional competence and attuned them to global best practices. Dr. Opeifa stated this during his interaction with the Nigerian Railway Corporation’s delegation to this  year's edition of Nigerian Institute of Public Relations Week and Annual General Meeting, taking place at  the Brig Gen Abba Kyari Banquet Hall, Government House, Kaduna State.  He expressed hope that the conference would equip the delegates' with requisite skills, knowledge  and expertise in the discharge of their duties. Speaking earlier, NRC’s Chief Public Relations Officer, Mr. Callistus Unyimadu, appreciated the Managing  Director and the management of the Corporation for always supporting the Public Relations Department  of the Corporati...

By Afolabi Oyekunle. The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has got a new national president in person of Comrade  Otunba Salimon Akanni Oladiti.   New President of NUPENG Otunba Oladiti, from the informal - sector of the union,  was a National Trustee of the Union, who has also served previously in many posts. He was unanimously elected at the 6th Quadrennial Delegates conference of the Union, in Lagos. The new President is bringing into office, a vast experience in the Petroleum industry, having served in various capacity in the union.   He pledged to work  towards the welfare of the  workers interests and growth of NUPENG. In his valedictory speech at the Delegates Conference, the former President, Comrade Akporeha Williams said his terms in office was a landmark in the Union as progressive records were achieved. Acco rding to the former President, his tenure saw a robust engagements across all branches of...