Month: May 2024

Colorectal cancer rates rising among younger generation – Study

Researchers from the University of Missouri-Kansas City found the rate of colorectal cancers grew 500 percent among children ages 10 to 14 and 333 percent among teens aged 15 to 19. “Colorectal cancer is no longer considered just a disease of the elderly population. It means that there is a trend. We don’t know what […]

Minimum Wage: Why we may not accept N100,000 — Organised labour

….Tells FG to break down whatever amount it wants to pay …Says it expects govt to be serious By Johnbosco Agbakwuru ABUJA — Organised Labour has told the Federal Government to perish any thought of offering N100,000 as the new minimum wage. It also asked the government to be serious with negotiations on the issue […]

Manufacturers wail as unsold goods pile up in warehouses

Manufacturers of fast-moving consumer goods, FMCG are in dire agony over the continued rise in unsold goods in their warehouses, a development which would lead to a further significant decline in output level in the sector.The continued rise in unsold goods is caused by two factors namely the rising cost of living and the declining […]

CBN directs banks to stop 0.5% cybersecurity charges

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the implementation of 0.5 percent cybersecurity charges on electronic transactions. This was disclosed in a circular to all commercial, merchant, non-interest, payment service banks, other financial institutions, mobile money operators and payment service providers. The circular was jointly signed by Chibuzor Efobi, […]

Lagos has become a home to people from across Nigeria, beyond – LASG

The Lagos State Commissioner for Home affairs, Ibrahim Layode has described the State as a home to people from across Nigeria and Beyond. He said this at the annual ministerial press briefing on Wednesday at the Bagauda Kaltho Press Centre, Alausa, Ikeja. “We pride ourselves in saying that what divides and creates security breaches in […]

Imported food prices rise as inflation hits 33.69 – NBS

The average price of imported food commodities to Nigeria rose to its highest level, reaching 34 per cent in one year between April 2023 and April 2024. This represents an increase of 200 basis points from 32 per cent recorded in March 2024, according to an analysis of the Consumer Price Index report released by […]

Minimum wage: FG’s N48,000 proposal makes no sense — TUC

The Trade Union Congress (TUC) has rejected the N48,000 proposed by the Federal Government as the new minimum wage, saying  it does not make any sense. The TUC President, Festus Osifo berated the FG’s proposal while speaking in an interview on Channels Television’s Politics Today on Wednesday. Osifo said the federal government was not being serious in […]

Minimum Wage: Labour quits talks as FG offers N48,000; OPS N54,000

LAGOS — Organised Labour yesterday walked out of the minimum wage negotiation after rejecting the government and the Organized Private Sector, OPS, new minimum wage proposals of N48,000 and N54, 000 respectively. Under the umbrella of the Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, Labour described the government’s proposal of N48,000 […]

World Bank blacklists 58 Nigerian companies, Individuals over corruption

The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and operations. Among those affected are 39 Nigerian companies previously debarred by the African Development Bank (AfDB), along with 19 individuals identified by […]

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