Due to unfriendly economic climate, Nigeria did not record any delivery of new space in the formal retail market in the first half of 2019, Newfieldglobal has learnt. According to the latest report by Broll Nigeria, although some projects are nearing completion in the core and secondary markets, they are yet to be delivered. These uncompleted projects, Broll analysts said measured below 10,000 square metres (m²) and included the Landmark Retail Boulevard (approximately 6,000m²) and the Simbiat Ikeja Mall in Lagos state (4,900m²); Oshogbo Mall in Osun…
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Minimum wage: Disquiet over salary readjustment
Federal Government’s plan to readjust salaries of those earning above the new minimum wage appears to be dragging it back to the trenches against organised labour, Sunday Ojeme reports The dust raised by the long battle between Federal Government and organized labour over minimum wage may be far from being settled months after the wage increase had been signed into law. The latest swirl is unfolding over the planned salary readjustment of those currently earning above minimum wage based on the approved N30,000. Initial conflicts Although President Muhammadu Buhari, while…
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