Category Business

Inflation may drop to 34.5% in December – Report

Inflation rate

 Nigeria’s headline inflation rate may drop by 25 basis points to 34.5 per cent in December 2024. In a report by Afrinvest Research on Saturday, this moderation is attributed to the high base year impact on the food inflation sub-basket…

Over 25 million phones stolen in one year – FG

feature phones

The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the…

Fraud examiners mark international awareness week

The Association of Certified Fraud Examiners, South-West Nigeria Chapter, has intensified efforts to combat financial fraud in Nigeria by marking International Fraud Awareness Week. The week-long activities featured strategic engagements, capacity building, and collaborative initiatives aimed at fostering transparency and…

Rice smuggling affects economy adversely – Customs

national security customs

The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja, says smuggling of products, especially rice, is affecting the economy and fuelling the forex crisis. The Customs Area Comptroller in charge of the FOU A, Kola Oladeji, disclosed this while…

AfDB, PMI partner to strengthen capacity building

African Development Bank AFDB

The African Development Bank has announced sealing a pact with the Project Management Institute to enhance its staff’s capacity through a structured project management training and certification programme. According to a statement, this collaboration aims to equip an initial cohort…

Social dialogue crucial for economic development – ILO

International Labour Organisation

The International Labour Organisation has underscored the transformative potential of social dialogue in fostering economic growth and social progress. The new ILO Social Dialogue Report 2024 highlights the role of “Peak-Level Social Dialogue” in addressing labour, economic, and social challenges,…

Unions task UN on corporate accountability

United Nations

As a new round of negotiations opens at the United Nations for an international treaty on corporate accountability, global unions are intensifying calls for decisive progress to ensure justice for workers in global supply chains. The treaty, which has been…

Firm unveils network to ease cross-border payments

Lightspark

Lightspark, a cross-border payment company, has launched new technologies, Lightning and Universal Money Address, to transform cross-border payments with speed and efficiency. The firm unveiled its latest innovations during its Developer Day at Zone Tech Park, recently in Lagos. Speaking…