FINANCE - 16 JUN 2020

Daily Briefing: Resident doctors begin indefinite strike

Daily Briefing: Resident doctors begin indefinite strike
A tired doctor. Source: World Bank via Flickr

Resident doctors begin indefinite strike 

The National Association of Resident Doctors (NARD), which represents 40% of doctors began an indefinite nationwide strike yesterday. Doctors assigned to COVID-19 isolation centres are exempted but would be included if the Federal Government fails to meet NARD's demands in 14 days. Their demands include an increase of the hazard allowance of the doctors for COVID-19, salary equity across the country and reinstatement of sacked doctors in Jos. The FG recently allocated ₦4 billion for welfare of resident doctors in the 2020 revised budget.

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Credit Bureau launches real-time credit info submission

CRC Credit Bureau has launched its data submission platform to allow Nigerian lenders provide real-time credit information about borrowers. Currently, lenders typically submit credit data in bi-weekly or monthly cycles, which could result in a gap in credit history for short-term borrowers. This new initiative should improve lending in Nigeria as lenders gain access to more reliable credit histories on borrowers. CRC is one of only three licensed credit bureaus in Nigeria.



WhatsApp adds digital payment option to help businesses

WhatsApp, the messaging app by Facebook Inc., added a feature for in-app payment, currently operational for only users in Brazil, its second-biggest market after India. It is free for consumers to use, however, businesses are charged a 4% processing fee. Facebook has had a spell of entering different markets, payments being one of them. With over 2 billion users on WhatsApp, the tech giant is creating another revenue stream different from advertising on its social media platforms. 


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