AS a result of COVID-19 pandemic, the International Labour Organisation (ILO), said the livelihoods of more than 55 million domestic workers are at risk. On the ninth anniversary of the adoption of the Domestic Workers Convention, new ILO estimates reveal the risks, which the organisation said are facing domestic workers due to the COVID-19 pandemic. Nearly three-quarters of domestic workers around the world – more than 55 million people – are at significant risk of losing their jobs and income due to lockdown and lack of effective social security coverage, the new estimates said. The vast majority – 37 million – of these domestic workers are women. According to the... Source: Tribune Newspaper
Saudi Arabian authorities Monday said only residents of the country will be permitted to undertake the annual Hajj pilgrimage next month. The country said the measure was necessary to combat the spread of coronavirus, which has already infected over nine million and killed over 405, 000 people worldwide. "It has been decided that Hajj for […] The post Only residents of Saudi Arabia will perform Hajj 2020 - Official appeared first on The Guardian Nigeria News - Nigeria and World News. Source: Guardian Newspaper
•As credit to private sector hits N28.7trn By Babajide Komolafe Credit to the economy rose by 10.1 percent or N3.5 trillion in five months to N39.1 trillion in April 2020 from N35.5 trillion in November last year. The Central Bank of Nigeria, CBN, disclosing this in its just released Depository Corporation survey report, also said that credit to the private sector recorded a significant growth of 8.6 percent or N2.27 trillion during this period rising to N28.67 trillion in April from N26.4 trillion in November last year. -Vanguard Newspaper
By Nkiruka Nnorom Following the age-long challenge of obtaining funding faced by small businesses, PricewaterHouse Coopers (PwC) has said that Small and Medium Enterprises (SMEs) in Nigeria face an estimated N617.3 billion in funding gap annually and accounted for less than one percent of banks’ credit in 2018. Mr. Esiri Agbeyi, Partner and Lead, Private Wealth Services, PwC Nigeria, stated this while presenting the result of a survey of Micro, Small and Medium scale Enterprises (MSMEs) in Nigeria conducted by the company.-Vanguard Newspaper
•As FMDQ admits N23bn debt securities By Nkiruka Nnorom The current business climate, marred by the impact of the Coronavirus (COVID-19) pandemic has seen most corporates and business entities look to the debt segment of the capital market as a viable avenue to raise capital. This is coming as the FMDQ Exchange Limited admitted debt securities valued at over N25 billion to its platform. -Guardian Newspaper
British industrial output recorded its biggest quarterly fall on record during the three months to June as COVID-19 heavily disrupted operations, and a further decline is likely in the months to come, a survey showed on Monday. The Confederation of British Industry’s headline industrial orders measure inched up to -58 in June from May’s 38-year low of -62, but remained far below its pre-COVID level, while export orders fell by the most since records began in 1977 at -79. - Tribune Newspaper
The Nigerian Stock Exchange (NSE), on Monday, announced the upgrade of its Data Portal (X-DataPortal) to revamp and improve market accessibility for subscribers. Mr. Oscar Onyema, Chief Executive Officer of the exchange, said in a statement in Lagos that the portal upgrade was to explore digital technologies to provide top-notch accessibility. Onyema said: “The upgrade of the X-DataPortal is in line with the desire of the NSE to continue providing an exchange that is easily accessible, leveraging digital technology. - Vanguard Newspaper
Nike Popoola The Lagos State Government has approved the release of N1.16bn for the payment of accrued pension rights to 368 public service retirees. This was disclosed by the Director-General, Lagos State Pension Commission, Mr Babalola Obilana, while giving an update on payments of pension for the month of May 2020, in his office in Source: Punch Newspaper
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