- Companies Reported 2,505 Accidents in 21 Months
Between January 2015 and September 2016, corporate organisations in the country reported 2,505 cases of occupational accidents/injuries, data from the National Social Insurance Trust Fund showed.
The NSITF data indicated that six per cent of the reported cases were fatal, with some leading to permanent disabilities for the victims.
Further analysis showed that the construction sector had the highest record of occupation-related accidents and diseases, followed by the manufacturing companies and the maritime industry.
The Medical Advisor, APM Terminal, Dr. Layiwola Ogunjobi, while commenting on the spate of occupational accidents in the country, said that though a basic legislative framework, the National Occupational Safety and Health Policy and a functional Employee Compensation Scheme existed in the country, there was shortage of trained and certified safety personnel.
He lamented a lack of coordination among stakeholders regarding occupational safety and health practices and programmes.
According to him, lack of a holistic and contemporary National OSH Act and limited coverage of workplaces by extant laws are some of the weaknesses observed in the industry.
He pointed out that there was a need for reliable data collection, collation, analysis and presentation system to make a national safety score card.
Ogunjobi called for a review of the existing National OSH policy and the development of a national OSH framework that would enforce compliance with the law.
The Minister of Labour and Employment, Dr. Chris Ngige, had earlier this year decried the lack of reliable data on occupational accidents and diseases sustained in the course of work in the country.
According to the him, every year, millions of people get sick, injured or die as a result of occupational accidents and diseases sustained in the course of work, with just a few cases being reported.
Ngige emphasised that data collection was essential for policy making, planning purposes, and setting of priorities and targets of action at the national level.
“Nigeria joins the global community to improve capacity to collect and utilise reliable occupational safety and health data to fulfil its commitment to implement and report on Goal 8 of the United Nation’s 2030 Agenda for Sustainable Development, which provides for the promotion of inclusive and sustainable economic growth and decent work for all,” he added.
Ngige, therefore, urged Nigerian workers to report workplace accidents and diseases to the Federal Ministry of Labour and Employment via a designated email and hotline in order to prevent reoccurrences.
MILO Cereal Launches New Online Campaign, ‘Beast Mode – Activated’
MILO Cereal has launched its first major marketing campaign for its newly launched Protein cereal, via independent creative communications agency Connecting Plots.
Building on MILO’s brand message of fuelling active kids, the new campaign platform, ‘Beast Mode – Activated’, evolves the master brand’s focus on team sports.
This aims to celebrate how MILO Protein helps active kids unleash their own full potential, take their training to the next level and successfully compete with their peers.
The campaign launched on 16 April and will run across various social channels and online videos.
Connecting Plots creative partner Dave Jansen said the approach to the MILO Protein cereal campaign was about tapping into the teen mindset and being less overt and more authentic.
“Creating advertising that doesn’t feel like a ‘sell’ is the challenge when targeting teens,” Jansen said in a statement.
“We’ve shied away from the polished tropes of traditional, achievement driven sports ads to bring this to life in a way that hopefully gives life to a teenager’s desire to do their best, feel like they are stepping into their future adult self and showing how MILO Protein Cereal can help on that journey.”
Cereal Partners Worldwide’s marketing manager, Keara Deignan, added: “Aussies grew up with MILO cereal, it’s a staple of every Australian pantry.
“However, we’ve seen that as teens start to carve out their own identities, their consumption habits change so this product aims to keep pace with their active on-the-go lifestyle.”
Global Digital Consumer Spent $900B In 2020 – Mastercard
According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900bn being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up roughly $1 out of every $5 spent on retail, up from about $1 out of every $7 spent in 2019.
For retailers, restaurants and other businesses large and small, being able to sell online provided a much-needed lifeline as in-person consumer spending was disrupted.
Roughly 20-30% of the Covid-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. The report draws on anonymised and aggregated sales activity in the Mastercard network and proprietary analysis by the Mastercard Economics Institute. The analysis dives into what this means by country and by sector, for goods and services, and within countries and across borders.
“While consumers were stuck at home, their dollars traveled far and wide thanks to e-commerce,” says Bricklin Dwyer, Mastercard chief economist and head of the Mastercard Economics Institute. “This has significant implications, with the countries and companies that have prioritized digital continuing to reap the benefits. Our analysis shows that even the smallest businesses see gains when they shift to digital.”
Venmo Launches Cryptocurrency Trading
Venmo, owned by PayPal, is launching cryptocurrency trading for four major coins: Bitcoin (BTC), Ether (ETH), Litceoin (LTC) and Bitcoin Cash (BCH).
This service set to be widely available within the new few weeks, Venmo’s 70 million+ customers will be able to buy, hold and sell crypto directly within the Venmo app. The launch is offering users access to in-app guides to help them to better navigate the cryptocurrency trading space and will encourage them to share their cryptocurrency experiences via the Venmo feed.
Venmo users will be able to buy as little as $1 worth of cryptocurrency and can use either funds from their Venmo balance or from a linked bank account or debit card to buy and sell their holdings.
Over 30% of Venmo customers have already begun to purchase cryptocurrency or equities, according to the company’s research into 2020 customer behavior. Of these, 20% began their purchase during the COVID-19 pandemic, suggesting that the public health and concurrent economic crisis has accelerated trends in digitization and experimentation with new financial technologies.
Support for cryptocurrency on Venmo is facilitated through a partnership with Paxos Trust Company, a regulated provider of crypto products such as its stable coin and other services. Venmo owner PayPal is also the holder of a conditional Bitlicense from the exacting New York State Department of Financial Services. Conditional licensees, such as PayPal, are required to pair off with firms that have already been granted full-blown licenses — as, in this case, has Paxos.
Just under a week ago, PayPal CEO Dan Schulman hinted at developments underway since the payments giant first went live with its crypto offering in the United States in November of last year. Schulman said that PayPal aims to support the use of crypto for everyday transactions and to tap into smart contracts and other, more expansive features of blockchain technology. He also pitched the company’s vision of leveraging crypto for the attainment of a more “inclusive economy,” in which “things will be done much differently than today.”
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