Rise in Asia's wages outruns rest of the world

The Asia Pacific region has outperformed the rest of the world when it comes to wage growth, according to an International Labour Organisation (ILO) report.

Annual average incomes rose 6% in the region, compared to a global average growth of 2% in 2013.

Wages in China have risen the fastest, up 9%, according to the UN body.

But despite the

Nigeria Concludes Two-year Strategy to Raise Trade with Asia to $80bn

The federal government yesterday concluded an elaborate plan targeted at boosting trade between Nigeria and countries in Asia by 100 per cent in the next 24 months.

The fresh Nigeria-Asia trade strategy was fine tuned last weekend by the officials of the Federal Ministry of Industry Trade and Investment and its parastatals, along with Nigeria’s ambassadors across the Asian countries, in a two-day meeting in New Delhi, India.

The strategic meeting was the first of its kind in over 50 years aimed at brainstorming on a synergy targeted at further improving the trade and investment ties with the 15 Asian countries.

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, told journalists at the end of the two-day meeting that the ministry and the ambassadors resolved to work on