Tag: Nigeria

Canada’s Carlton University confirms the death of Professor Pius Adesanmi in Ethiopian Airlines crash
Global People

Canada’s Carlton University confirms the death of Professor Pius Adesanmi in Ethiopian Airlines crash

Canada’s Carlton University has confirmed the death of Professor Pius Adesanmi in the ill-fated Ethiopian Airlines crash that happened last Sunday (yesterday). The Ottawa-based university said in an official statement that the Carleton community is shocked and devastated to learn of the death of Prof. Pius Adesanmi, who was among […]

Nigeria’s inflation drops to 11.37%
Policy

Nigeria’s inflation drops to 11.37%

Latest data from the official data office of Nigeria said consumer price index or inflation in Africa’s largest economy dropped to 11.37% in the month of January. The Abuja-based National Bureau of Statistics said in its summary note that the further drop in January is 0.07 percent points lower than […]

Nigeria passes new competition and consumer protect law
Policy

Nigeria passes new competition and consumer protect law

Nigeria’s President Muhammadu Buhari has just assented to the Federal Competition and Consumer Protection Bill, thereby making it the Federal Competition and Consumer Protection Act 2019. The country’s consumer protection agency, CPC said in a statement that “by this, Nigeria has promulgated perhaps the most prolific legislation for promoting consumer […]

UK’s Cussons to limit exposure to Nigeria
Global

UK’s Cussons to limit exposure to Nigeria

British manufacturer personal care product maker, PZ Cussons’ Nigerian unit, PZ Cussons Nigeria, would be winding down its operation in some product categories. The London Stock Exchange-listed personal care product maker said in its trading update that it continues to witness weak consumer environment, higher supply chain costs and lower […]

Policy

Nigeria increases minimum wage to USD98

Nigeria’s federal government has just approved an increment in the national minimum wage to N30,000 approximately USD98 based on the current exchange rate. The new minimum wage was agreed at after series of negotiations and threats of strike actions by the labour union. The latest development is also very significant […]