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Currency Outside Banks Rise 55 Percent to N2.3trn in 5yrs

Currency Outside Banks Rise 55 Percent to N2.3trn in 5yrs

Currency outside the banking system rose sharply by 55 per cent to N2.3 trillion in 2020 from N1.46 trillion in 2015, as Nigerians had to spend more on goods and services in response to sharp naira depreciation within the past five years. Data from the Central Bank of Nigeria, CBN, obtained by Vanguard shows that […]

Love, Tech and Online Abuse of Women in the Time of Coronavirus

Love, Tech and Online Abuse of Women in the Time of Coronavirus

As COVID-19 pushes more people online, digital abuse against women is likely to intensify now that the internet is a lifeline for many When Priya’s boyfriend posted a nude photo of her online, he told her it would give her a confidence boost by making her an object of desire for other men. Instead, she […]

UK Names Tesco And Pizza Hut For Biggest Breaches of Minimum Wage Law

UK Names Tesco And Pizza Hut For Biggest Breaches of Minimum Wage Law

Tesco and Pizza Hut were the two biggest offenders among 139 employers who failed to pay staff the minimum wage between 2016 and 2018, Britain’s government announced on Friday after it resumed a policy of publicly naming firms that broke rules. Supermarket chain Tesco, Britain’s largest private-sector employer, underpaid 78,199 staff by a total 5.1 […]

U.N. Warns 2021 Shaping Up To Be A Humanitarian Catastrophe

U.N. Warns 2021 Shaping Up To Be A Humanitarian Catastrophe

Next year is shaping up to be a humanitarian catastrophe and rich countries must not trample poor countries in a “stampede for vaccines” to combat the coronavirus pandemic, top U.N. officials told the 193-member U.N. General Assembly on Friday. World Food Programme (WFP) chief David Beasley and World Health Organization (WHO) head Tedros Adhanom Ghebreyesus […]

In Collaboration with the Mastercard Foundation, the Pan-African Fintech InTouch is Launching Its 10,000 Jambaars Program to Support and Mentor 10,000 Young Entrepreneurs in Senegal

In Collaboration with the Mastercard Foundation, the Pan-African Fintech InTouch is Launching Its 10,000 Jambaars Program to Support and Mentor 10,000 Young Entrepreneurs in Senegal

As part of its Young Africa Works program in Senegal, the Mastercard Foundation has partnered with InTouch to support their 10,000 Jambaars project, which will deploy a network of 10,000 agents to provide digital services across the continent, most of whom will be young people and, particularly, young women. This collaboration between the two organizations is part […]

China Signs Huge Asia Pacific Trade Deal With 14 Countries

China Signs Huge Asia Pacific Trade Deal With 14 Countries

China has just joined forces with more than a dozen countries across the Asia Pacific region to sign a huge free trade deal nearly a decade in the making. The Regional Comprehensive Economic Partnership spans 15 countries and 2.2 billion people, or nearly 30% of the world’s population, according to a joint statement released by […]

Nigeria’s Inflation Hits 14.23% – a 30-Month High

Nigeria’s Inflation Hits 14.23% – a 30-Month High

All-item inflation was the highest in Sokoto, Edo, and Akwa Ibom while Oyo, Taraba, and Jigawa river recorded the slowest rise. Nigeria’s inflation rate has climbed to a 30-month high, as it rose further to 14.23 percent in October, the latest figures by the National Bureau of Statistics (NBS) has shown. The report published on the website […]

South Africa’s Auto Industry Highlights The Social And Employment Cost Of Innovation

South Africa’s Auto Industry Highlights The Social And Employment Cost Of Innovation

In South Africa, local operations of international motor manufacturing companies must constantly innovate to meet global demands and offer competitive value. The way work is done is constantly changing. The current technologies adopted in the workplace are ever smarter than those that went before. This trend, driven by economic forces, does not always lead to social improvements. Automation and the use […]

Myanmar’s Second Lockdown Drives Hunger In City Slums

Myanmar’s Second Lockdown Drives Hunger In City Slums

After the first wave of coronavirus hit Myanmar in March, 36-year-old Ma Suu closed her salad stall and pawned her jewellery and gold to buy food to eat. During the second wave, when the government issued a stay-home order in September for Yangon, Ma Suu shut her stall again and sold her clothes, plates and […]

NIPOST Assures Customers Of Tech Innovation In Postal Services

NIPOST Assures Customers Of Tech Innovation In Postal Services

The Nigeria Postal Service (NIPOST) has said it will continue to leverage technological innovation to achieve more efficiency in service delivery to its customers. The General Manager, Lagos Zone of NIPOST, Dr. Mike Umo, who stated this during the zone’s commemoration of the 2020 World Post Day, said NIPOST deployed technology in various areas of […]

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