Prof Scheule said that while the department stores were in the cross hairs in Australia right now, the suspension of this form of insurance was happening worldwide as financial firms got the jitters about the ability of a whole range of firms and industries to recover. … [Read more...] about Myer, David Jones: Move by insurers an ‘ominous’ sign of stores’ financial health
National insurance payments
No. One of the allegations against Magu is that he was asked to release seven billion naira to someone after investigation, but he refused. When you have a situation as we have in Nigeria, something drastic is required. There was a time someone was identified in Lagos as an EFCC agent, who allegedly collects bribe on behalf of the agency. It was reported by a national daily but nothing was done. If such a person is caught, what do you do? Are we going to say that we would be waiting for the rule of law before taking drastic action? In the kind of situation that we have found ourselves, we need new laws that would take care of the desperate situation. After lawyers, accountants come next because they know how to cook the books. Accountants and auditors are part of the corruption network. The last group includes religious clerics, who do not speak truth to the rich people who come to them. If these groups I have mentioned genuinely support the fight against corruption, Nigeria would … [Read more...] about MAGU: How Obasanjo created EFCC crisis – Gen. Ishola Williams
However, the above goal will require tremendous efforts to achieve. By the end of 2019, only 38% of the Vietnamese population had done online shopping at least once a year, and slightly more than one third of them had bought goods/services worth over VND5 million, according to the Vietnam E-Commerce White Paper 2019 published by Vietnam E-Commerce and Digital Economy Agency (the Ministry of Industry and Trade). … [Read more...] about Risks scare away online consumers
“Gold doesn’t pay you anything: in fact it should cost you a little bit to hold it – in insurance, in storage. Normally [the answer is] cash or bonds … but of course, right now, interest rates are below zero and only getting worse. You are losing real value with cash in the bank and that historically tends to make gold an appealing asset,” says BullionVault’s Ash. … [Read more...] about Precious metal: the gold-standard investment when a crisis hits?
he economic impact of the deadly virus is very high and perhaps government might need to consider more pragmatic palliatives such as social and fiscal policy palliatives, concessions on import trades because Nigeria is import-dependent; duties and port charges waiver to reduce the value chain disruptions and improve service deliveries, more low-interest credit facilities and tax breaks- particularly cutting taxes to increase and improve disposable income needs to be considered at this time. … [Read more...] about Nigeria: Democracy, economy and crude-oil