Economy Health

CSOs reject privatisation of water sector

This was the resolution of participants at the National Summit on the Human Right to Water with the theme: Nigeria’s Water Emergency: From Resistance to Real Solutions Against Corporate Control on Wednesday, January 30, 2019. There were reported cases of International Financial Corporation (IFC), World Bank Group visiting Lagos state in 2018, indicating interest to allegedly invest in the state’s […]

Economy Health Politics

No Drugs, No Bed Space, No Electricity — The Story Of Warri Central Hospital

“I have been here since last week and they have always been asking for money. There hasn’t been supply of electricity to the hospital since I was here,” a patient said. “In this hospital, patients have to sleep on the floor because there are not enough beds for patients. I now have a swollen leg […]

Economy National

Nigeria, South Sudan sign cooperation agreement on education, trade, others

Foreign Affairs Minister, Geoffrey Onyeama, signed on behalf of Nigeria while his counterpart from South Sudan, Nhial Deng Nhial signed for his country in Abuja on Thursday Onyeama said: “It is a general cooperation agreement that involves other areas but not security, the area of cooperation include economic, education, technical, health, sports, culture among others. “The […]

Economy

Nigeria ranked among top 10 cheapest petrol selling countries

Nigeria ranks among the top 10 cheapest petrol selling countries in the world, a policy group has revealed in its latest report. In its report released on January 15, the Global Economic Policy Initiative, GEPin, said Nigeria presently ranks number six in the world only behind Venezuela, Sudan, Iran, Kuwait and Algeria. The group president […]

Economy

Lagos Domestic Airport Records 228,239 Passengers For December 2018

Of the 228,239 passengers recorded within the period, inbound passengers stood at 104,168, while outbound passengers were 124,071. The General Aviation Terminal (GAT) of the Murtala Muhammed Airport (MMA), Lagos, recorded 228,239 passengers in December 2018, thereby maintaining its status as the busiest domestic airport in the country. Of the 228,239 passengers recorded within the […]

Economy Politics

State Governors say they cannot afford to pay minimum wage

The spokesman of the Governors’ Forum, said due to financial constraints and other limitations, many states could not afford it for now The Nigeria Governors’ Forum (NGF) said that the governors would have loved to pay workers N30,000 as national minimum wage but for the hard times. Abdulrazaque Bello-Barkindo, spokesman of the NGF, said this on Monday […]

Economy National

Ondo Lecturers Lament – Poor Funding !!!

“We also want to use this opportunity to inform Mr. Governor (Akeredolu) that tertiary institution workers are not only suffering from insecurity but this inadequate funding has resulted in the instability to pay salary, which has drastically kept members of staff in the institutions in poor conditions as many could not take care of themselves […]

Economy

The most franchised company in the world isn’t McDonald’s or Starbucks

Despite the seeming ubiquity of McDonald’s Golden Arches and the Starbucks’ twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald’s at 37,241 and third-place Starbucks at 27,339 locations. This number, however, belies the economic reality: while McDonald’s and […]

Economy International

Market wants ‘decisive action’ so Turkey needs to raise rates: Yale economist Stephen Roach

Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. “The markets clearly want much more decisive action,” […]

Economy National

European stocks open slightly higher as Turkey crisis weighs on sentiment

Shares in Europe open slightly higher Wednesday as concerns over the Turkish currency crisis continue to affect investors’ appetite. However, trading flows were also sluggish as a number of European bourses are closed due to a public holiday, including Italy, Greece and Austria. The pan-European Stoxx 600 was up by 0.18 percent with most sectors […]