Costs
WHO welcomes rotavirus vaccines for use in humanitarian crises
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.
Court nullifies female disinheritance practice in Akwa Ibom
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.
Institute laments rising cost of paper in Nigeria
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.
U.S. coffee roasters weigh price increases, cite shipping inflation
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.
Barcelona, Atletico Madrid ordered to further tighten belts by La Liga
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.
U.S. imposes sanctions on Russia over poisoning of Alexei Navalny
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 fire stun grenades as Southeast Asian ministers aim for talks
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.
Hike in price of cooking gas worries Enugu residents
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.
Nigeria’s central bank plans to strengthen Naira, economy through $15 billion Dangote refinery
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 driving sustainability with growing gas business – chief
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.
Dangote refinery to buy Nigerian crude in Naira, sell petrol in Naira
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.
CBN governor: Dangote refinery to sell refined crude to Nigerian government in Naira
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.
OPL 310: Optimum’s default clause termination letter invalid – Lekoil
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.
Goldman Sachs: Brent crude to reach $75 by September
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.
Senator Ubah laments high cost of shipping, seeks abolition of unjustifiable bills
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.
Senate move to stop casualisation of Nigerian graduates
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.”
Australia seeks hefty fines from media over breach of gag order in Cardinal Pell...
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.
Kidnap capital Mexico eyes biometric phone registry, sparking privacy fears
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.
PDP warns APC not to contemplate another fuel price hike
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.
Airlines groan under new coronavirus safety protocols
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 sues to block investigation of New York warehouse labor fight
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.”
Research: Nigeria records nearly 30,000 tobacco smoking-related deaths
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.
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Liverpool’s centre-back crisis worsens as manager confirms Ozan Kabak injury
The 20-year-old has not made an ideal start to life in the Premier League. His debut came against Leicester City, where his mix up with goalkeeper Alisson allowed Jamie Vardy to tap home to put the Foxes 2-1 ahead late on.
Ex-President Jonathan enlists colleagues to mitigate electoral crises in West Africa
Former President Goodluck Jonathan has enlisted the support of other ex-presidents and Prime Ministers in West Africa to mitigate elections-related conflicts to promote peace in the region.
‘Pretty Mike’ arrested over Cubana Club’s coronavirus violation
The police in Lagos have arrested a socialite and Instagram celebrity, Mike Eze, aka Pretty Mike, for allegedly facilitating operations at Cubana Nightclub in Victoria Island, Lagos State.
CDS Irabor: Nigeria will have peace again
Chief of Defense Staff General Lucky Irabor has said that the Nigerian Armed Forces will never in any way leave the peace and security of the nation in the hands of the terrorists.
Adele finalises divorce; shares joint custody of son with ex-husband
English singer-songwriter, Adele, and her former husband, Simon Konecki, have finalised their divorce nearly after two years they are separated.
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John Mahama: Ghana electoral chief’s refusal to testify a bad precedent
The Presidential Candidate of the National Democratic Congress (NDC) in last year’s elections, John Dramani Mahama, says by the conduct of the current Electoral Commission, Ghana (EC), it is not qualified to superintend over any elections in the country.
Protests in Imo against Senator Okorocha
Protests have started in Imo State, against Senator Rochas Okorocha representing Imo West Senatorial District, following the controversies that trailed the Okorocha unsealing the government sealed Royal Spring Palm Estate linked to his wife, Nkechi.
Benue governor commends President Buhari’s order against illegal possession of AK47 rifles
Benue’s Gov. Samuel Ortom on Thursday commended President Muhammadu Buhari over his directive to security operatives to shoot on sight, anyone illegally in possession AK47 rifles.
Chinese expatriate kidnapped in Ekiti
The expatriate identified as one of those supervising the construction of Ilupeju-Ire-Igbemo-Ijan road, was said to have been waylaid at Igbemo-Ekiti while driving in a Hilux Van and whisked away to unknown destination by arm-wielding attackers.
Food blockade: Igbo can feed themselves – Union
Following the threat by some Northern Groups to end the supply of food items to the South, the Association of South East Town Union has said the people of the region are capable of feeding themselves.