...news, reports, issues... about Lagos
Nigerians spent about $3.82m on foreign healthcare-related services from January to December 2023, findings by The PUNCH have shown. Compared to $9.06m spent on medical tourism in 2022, there was a reduction of $5.24m in 2023. This is according to a report obtained from the Central Bank of Nigeria on the amount spent on health-related […]
Despite being commonly perceived as heavily indebted, Nigeria has been ranked as the second least indebted African country by the International Monetary Fund (IMF). This ranking emphasizes the significance of metrics such as the debt-to-GDP ratio in assessing a nation’s financial health. Lower ratios indicate stability, while higher ratios raise concerns about debt sustainability. Tanzania’s […]
The federal government’s wage bill will almost double at the very least if the organised labour doubles down on an unrealistic push for a 20-fold increase in the minimum wage. With the proposed minimum wage of N615,000, the government’s personnel costs for 1.5 million workers will rise from about N7 trillion which it currently stands […]
Independent petroleum marketers have expressed concern over the rising price of Premium Motor Spirit, PMS, otherwise known as petrol, in private depots to N710 per litre. With the increase, petrol pump prices at outlets operated by independent marketers also rose to between N730 and N750 per litre which has led to queues at some stations […]
The tripartite minimum wage negotiation meeting involving Organised Labour, the federal and state governments, and the Organized Private Sector, OPS, yesterday ended in deadlock, following Labour’s dismissal of the government’s N54,000 offer as expected. Labour leaders also lamented the absence of state governors in the meeting to present their offers, as their representatives said they had no […]
