Fuel price hits N143.80 per litre, labour fumes
The Academic Staff Union of Nigerian Universities (ASUU), yesterday, condemned the increase in the pump price of petrol, describing it as ill-timed and insensitive.
‘Sales may suffer further decline as spending weakens’
Latest indicators from investment firms and analysts have shown that manufacturers in the consumer goods segment may suffer an average sales decline of three per cent this year, triggered by inability to pass inflationary pressures to consumers, weakened purchasing power and coronavirus.
Halting slide into higher unemployment, poverty levels
When Vice President Prof. Yemi Osinbajo announced that about 39.4 million Nigerians, or 33.6 per cent of Nigeria’s population may be left without jobs by the end of 2020, if the country failed to take proactive measures, many experts and employers acknowledged that the reality had just dawned on the leaders and limits of propaganda reached.
Businesses must thrive to fulfil state obligations, LCCI tells LASG
With the coronavirus causing losses and dislocations, the Lagos Chamber of Commerce and Industry (LCCI), has told the Lagos State Government to support business recovery to enable operators to equally fulfil their civic responsibilities.
‘Nigeria’s socio-economic performance plunged in last four years’
The Organised Private Sector (OPS) yesterday declared that the President Muhammadu Buhari administration’s performance in the socio-economic and welfare perspective plunged in the last four years between 2015 and 2019.
LCCI, UI alumni mourn Omotosho
The Lagos Chamber of Commerce and Industry (LCCI) has expressed sadness over the death of its former Director-General, Sir Remi Omotoso.
83 per cent businesses to reduce salaries, downsize over revenue losses
Although the lockdown may have been relaxed, the impact on businesses may lead to further high unemployment, reduction in consumers’ purchasing power
Investors torn between debt, forex market as naira weakens
The impact of the plunge in oil price in the last two months may have spread across asset classes in Nigeria, forcing investors to widen portfolio on the bond market...