Business

Edo: Chinese Company Promises Improved Workers Welfare, Others

Published

5 years ago

September 27, 2021

The impasse between the management of a Chinese company, Yong Xing Steel Company, Benin, and some members of staff seems to be at the edge of settlement as the company’s top management staff have resolved to look into demands of the aggrieved members of staff.

Some members of staff mostly junior and contact staff had accused the company of maltreatment, physical assult and illegal deduction of their salaries with little infraction.

The aggrieved members of staff also accused the company management of stoping them from coming together to have a labour union, just as they added that anyone fronting such agitation is being maltreated and victimized.

But speaking with newsmen in an interactive session during the weekend, Managing Director, Young Xing Steel Company, Frank Wang, said the company has been doing it possible best in terms of workers welfare and every entitlement due them, but promised to look into other demands of the workers.

The Managing Director who was represented by the Assistant Public Relations Officer of the company, Isaac Olufemi, said though few members of staff of the company are demanding to join labour union and dissatisfied with some of the company’s policies, majority of members of staff are satisfied.

“We are going to address their demands, but the point is that, everyone cannot be satisfied. It is natural. For instance, if one earns say N1m or even N5m, one will still not be satisfied hence demand for more. But I assure you, every demand is going to be looked into,” he promised.

Speaking on the company stopping staff from joining labour union, the MD said “no one has come to me to inform me that he wants to join union, I am just hearing this now. If anyone comes to me to say he or she wants to join union, then it’s left for me to look into such demand, but non has done that. However, if the number of staff agitating to join union are just few, then it may not be matter of necessity.

On workers welfare, Mr. Wang said the company provides Personal Protection Equipment to members of staff of the company on monthly basis to make sure they work under safe environment, free accommodation because of the area the company is located and that a partnership with the University of Benin Teaching Hospital, UBTH, for an efficient healthcare for staff.

“We placed premium on the welfare of our workers, just as we have in our own little ways contributed to the development of our host community through Corporate Social Responsibility (CSR).

Rep of the MD and Assistant Public Relations Officer, Isaac Olufemi during his presentation at the interactive session.

“As for the staff, we have ensure regular training within and outside the country, provision of shelter, health insurance programme and provision of safety environment to work.

“The management have long time cooperation with UBTH to provide medical treatment for the staff,” (Sic) he added.

Clearing the air on misconception about the company on its Cooperate Social Responsibility, the MD said the company has done so much in terms of providing some social amenities, stressing that during heat of the COVID-19 pandemic, the company provided palliatives to different government institutions, agencies, etc.

“During the serious pandemic period, Nigerian Yong Xing Steel Company donated two trucks of anti-virus materials to the Tender Heart Orphanage. The company also donated similar materials to the Edo State Government, government ministries and parastatals/agencies. Nigerian Yong Xing Steel Company also donated palliatives to the Edo State Police Command, also donation of such Items was made to local banks in the state.

He continues, “Nigerian Yong Xing Steel Company has donated market with 50 shops to the host communities.”

“For the community, we have built markets stalls, provision of water and giving out palliative from time to time,” he stated.

Also,the Enogie (duke) of Ogua, Chief Ogie Aghaghowen, commended the steel company for creating an economic environment and also for ensuring peace in Ogua community.

Business

Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Published

1 day ago

May 4, 2026

Editor

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”

He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.

Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”

According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.

The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.

He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.

According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.

He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.

“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.

“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.

“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”

When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”

Business

JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Published

3 days ago

May 2, 2026

Editor

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.

Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.

This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.

Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.

According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.

However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.

This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.

Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.

Business

Dangote Refinery Hikes Petrol Price

Published

6 days ago

April 29, 2026

Editor

Dangote Refinery has increased the ex-depot price of petrol by N75.

The refinery announced the increase on Wednesday, hiking the the price from N1,200 to N1,275 per litre.
In the same way, coastal prices have gone up to N1,215 per litre.

This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.

DAILY POST reports that Brent crude has increased to $115 per barrel, while West Texas Intermediate rose to $103 per barrel on Wednesday.