Costs

The World Health Organisation (WHO) has welcomed the opportunity to make rotavirus vaccine available to more children living in humanitarian crises, saying thanks to a landmark pricing agreement with the manufacturer, GSK.

The Akwa Ibom State High Court sitting in Etinan Local Government Area has nullified the practice of denying female children inheritance, saying the practice is unconstitutional.

The Chartered Institute of Professional Printers of Nigeria (CIPPON) has lamented the rising cost of paper in Nigeria, warning that the situation could worsen unemployment in the country.

Coffee processors in the United States, the world’s largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon.

FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic.

The United States on Tuesday imposed sanctions on Russian individuals and entities over Russia’s attempt to kill opposition figure Alexei Navalny with a nerve agent, senior Biden administration officials said.

Myanmar police fired stun grenades to disperse protesters in the city of Yangon on Tuesday, witnesses said, as foreign ministers of neighbouring countries were due to hold talks with the military in an effort to quell deadly violence.

Residents of Nsukka town in Nsukka Local Government Area of Enugu State have expressed worry over the recent hike in the price of cooking gas.

The Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.

Seplat Petroleum Development Company Plc, leading indigenous energy company, has identified its fast-growing gas business as a strong catalyst for sustainable development in Nigeria.

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production.

An oil and gas E&P company with a focus on Nigeria and West Africa, Lekoil, yesterday maintained that a letter written by Optimum Petroleum Development Company, operator of the Oil Prospecting Licence (OPL) 310, proposing to terminate the Cost and Revenue Sharing Agreement (CRSA) executed for the facility, remains invalid.

Analysts at the US bank Goldman Sachs have raised the price forecast of crude oil by $10 per barrel for the second and third quarters of 2021.

The Senator representing Anambra South and National Leader of the Young Progressives Party (YPP), Dr. Patrick Ifeanyi Ubah has called on the federal government to urgently checkmate the exorbitant increase and unjustifiable shipping fees charged by shipping companies on Nigerian bound cargoes particularly containers.

Mr. Akinyelure said the issue of employing graduates as casual workers raised a concern, as “more workers continue to groan under this immoral strategy of cutting costs by employers rendering them inferior to their counterparts in other countries of the world.”

Prosecutors asked an Australian court to set hefty penalties for media firms that pleaded guilty to breaching a 2018 suppression order on reporting of the conviction of former Vatican treasurer George Pell for child sexual assault.

A plan by Mexican lawmakers to put millions of cell phone users’ data in a biometric registry, billed as a tool to fight kidnapping and extortion, has sparked a backlash from telecoms companies and rights groups who warn it could lead to stolen data and higher costs.

The Peoples Democratic Party (PDP) has warned the All Progressives Congress (APC) government to perish any thoughts of further increase of fuel price in the country.

Recent safety protocols enforced by many countries across the world, particularly those instituted by both the Nigerian and its United Arab Emirates counterpart by way of flight restrictions, are affecting both nations’ carriers economically.

Amazon has filed a lawsuit against the New York state attorney general’s office as a preemptive effort to prevent legal action over the company’s handling of COVID-19 conditions at a Staten Island warehouse last spring. Amazon is seeking an injunction preventing the attorney general’s office from trying to exercise “regulatory authority over workplace safety responses to COVID-19 and claims of retaliation against workers who protest working conditions.”

An Abuja-based Centre for the Study of Economies of Africa (CSEA) has reported that a research it conducted had revealed that 28,876 deaths related to tobacco smoking are recorded annually in Nigeria.