Nigeria: Industrial Court restrains TUC, NLC, others from embarking on planned Sept. 28 strike

WorldStage Newsonline– Nigeria’s National Industrial Court, Abuja, has again granted an order of interim injunction restraining the Nigeria Labour Congress, Trade Union Congress, their agents, employees, workmen, servant or proxies from embarking on the planned Sept. 25 industrial action of any nature pending the hearing and determination of the claimants motion of notice.

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Nigeria: NAICOM to pulse insurance firms’ recapitalisation pending determination of legal challenge

WorldStage Newsonline– The Counsel to the National Insurance Commission (NAICOM), Chukwuma-Machukwu Ume, SAN, on Tuesday, gave an assurance before Justice Ahmed Mohammed of the Federal High Court, Abuja. to stop its planned recapitalisation process of insurance and reinsurance companies in the country, pending the determination of the suit challenging the decision.

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P&ID $10b Contract Suit: Nigeria secures extension of time and relief

WorldStage Newsonline– The Federal Government of Nigeria’s  pursuit to overturn a 10 billion dollar judgment awarded against it in a case against Process and Industrial Developments (P&ID) has recorded a major progress as the court has granted its application for an extension of time and relief from sanctions due to the exceptional circumstances where the government has uncovered evidence of massive fraud in procuring the award..

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