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New minimum wage: how realistic?

This year’s May Day activities in Nigeria were marked with the Nigerian Labour Congress (NLC) and the Trade Unions Congress (TUC) jointly tabling a demand for the upward review of the national minimum wage from N18,000 to N56,000. A rival faction of the NLC led by Comrade Joe Ajaero simultaneously demanded N90,000.

6 feared dead in Customs, smugglers clash in Ogun

ABEOKUTA—Pandemonium broke out, Sunday evening, at Oke- Odan township in Yewa South Local Government Area of Ogun State, following the alleged killing of three children and four others by Customs officers while pursuing smugglers.

FG, NSIA to drive investment in health sector

The Federal Ministry of Health, yesterday, entered into an agreement with the Nigeria Sovereign Investment Authority, NSIA, managers of the nation’s sovereign wealth fund, to launch a comprehensive healthcare investment programme covering all six geo-political regions of the country that will also help stem the loss of over $1 billion per year spent by Nigerians on medical tourism.

Glut in commercial real estate market an opportunity for investors — Experts

CLUTTONS, a leading firm of international real estate consultants, has noted that there has been an overall slowdown in activity in Lagos’ commercial real estate market, with rents either stagnating or declining across most segments of the sector. Cluttons’ Spring 2016 Lagos Commercial Property Market Outlook report attributes the weakness to the adverse global and domestic economic environment, which is in turn fuelling challenging trading conditions.

Nigeria, Angola’s ratings down on Moody’s

The credit ratings of Nigeria and Angola, Africa’s two biggest oil producers, were among four countries downgraded by Moody’s Investors Service, citing the negative impact depressed oil prices have had on these governments’ balance sheets, liquidity and creditworthiness.

Foreign coach: Sponsor ‘develops cold feet’

The Nigeria Football Federation, NFF, may be forced to settle for a local coach for the Super Eagles next month after a proposed company to foot the bills of an expatriate handler “developed cold feet”.

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