Page 7 - Payroll Support News Today

265,425 beneficiaries under the Artisan and Transport Support tracks 172,129 business names registered free by CAC In furtherance of the Buhari administration’s support for small businesses during the COVID-19 pandemic under its Economic Sustainability Plan (ESP), payment would be made to the next batch of beneficiaries of the ESP Survival Fund’s Payroll support track and the one-off General MSME Grant of N50,000 as from this week. This is expected to increase the number of beneficiaries u...

319,755 Nigerians benefitted from payroll support programme – Presidency On Kindly Share This Story: The presidency says 319,755 Nigerians have benefitted from the Economic Sustainability Plan’s Survival Fund Payroll Support (FSP). Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this in a statement in Abuja. The one-off Micro, Small and Medium Enterprises (MSME) Grant of N50, 000, he said, will also begin within the we...

The Federal Government will this week commence the payment of N50,000 to each of the other beneficiaries of its Economic Sustainability Plan (ESP)Survival Fund under which 500,000 Nigerians are to benefit. This is in furtherance of the President Muhammadu Buhari administration’s support for small businesses during the COVID-19 pandemic under its ESP Survival Fund’s Payroll support track and the one-off General MSME Grant. The Media Assistant to the Vice President, Laolu Akande, in a release...

Photo: Brandon Farris/Airways American Airlines American Airlines (AA) reported a first-quarter net loss of US$1.3 bn on a 53 percent dive in revenues (US$4 bn). However, excluding US$1.95 bn in special credits that included funding from the federal Payroll Support Program (PSP), the net loss was US$2.7 bn. The quarterly load factor was 59.5 percent. “We remain confident the network enhancements, customer-focused improvements and efficiency measures we’ve put into place will ensure American...

Cargo, new passenger demand brighten United Airlines’ outlook Executives look past adjusted $2.4B Q1 loss as recovery picks up speed 0 35 2 minutes read United Airlines continues to reduce its negative cash flow, and sees breakeven in in its near future. (Photo: United Airlines) United Airlines (NASDAQ: UAL) increased cargo revenue by 74% in the first quarter compared to the same period in 2019, and officials expressed optimism about a near-term return to profitability despite an ad...

Press Releases April 7, 2021, 1:33 pm | in United Airlines catering workers protest plans to outsource 2,500 jobs despite $7.7 billion taxpayer bailout Workers demand United stop millions in bonuses to top executives NEWARK – One year into the COVID-19 pandemic, United Airlines has already received $7.7 billion from the U.S. government in order to keep workers employed, and is able to receive billions more. But at a time when airline workers need job security, United h...

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 1 (ARP Act) into law, which provides approximately $1.9 trillion in financial assistance to individuals and industries impacted by COVID-19. The ARP Act continues certain payroll support programs contained in the Coronavirus Aid, Relief, and Economic Security Act 2 (CARES Act) and the Consolidated Appropriations Act, 2021 3 (CA Act), and provides an additional payroll support program that includes certain other entit...

James Emejo and Folalumi Alaran in Abuja The Minister of State for Industry, Trade and Investment, Mrs. Mariam Katagum, has said creating opportunities for micro, small and medium scale enterprises (MSMEs) remains essential for increasing productivity, job creation as well as boosting the economy. She said creating an enabling environment for them to thrive has become extremely important given that small businesses currently contributed about 50 per cent to the country’s Gross Domestic Produc...

Share The Federal government has revealed that Small and Medium Enterprises (SMEs) contribute over 50 per cent to Nigeria’s Gross Domestic Product (GDP). Speaking in Gombe, the Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum disclosed that SMEs also accounted for over eighty per cent of employment in the country. She maintained that the Micro, Small and Medium Enterprises sector is the engine of economic growth, contributing to the development of the country th...

Two of the biggest U.S. airlines have canceled employee furloughs after the House passed COVID-19 relief that will provide much-needed payroll support.