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Asos offers staff flexible work and paid leave during menopause

Asos

Asos offers staff flexible work and paid leave during menopause

Staff at the online fashion store Asos will be allowed to work flexibly, as well as take time off at short notice, while going through the menopause.

It is one of several new policies being introduced by the clothing retailer aimed at supporting its employees who are “going through health-related life events”.

Other measures announced by Asos, which come into effect on Thursday, include paid leave for staff who have experienced a pregnancy loss or are undergoing fertility treatment, with five days paid leave provided a cycle to ensure appointments can be attended.

The company said it will allow employees who are dealing with pregnancy loss, including miscarriages and abortions, to take 10 days of leave, with the policy also applying to the partners of those who were pregnant and for surrogate pregnancies.

The new policies are gender-neutral, Asos said, with its chief executive, Nick Beighton, adding that staff will be supported “personally and financially”.

“All of us face unexpected challenges in life, and sometimes these can create very difficult circumstances which mean we need to step away from or change how we work,” he said.

“We’ve launched these new policies to reassure all Asosers that they will continue to be supported, personally and financially, throughout those difficult times. We’re here, no matter what it is and every step of the way.”

The new measures will “enable Asosers to take the time away from work that they need, while also increasing awareness of the impact of such common life events”, the company said in a statement.

As well as pregnancy loss, fertility treatment – which is not limited to any number of cycles – and the menopause, wider health issues requiring paid leave, such as cancer treatment and gender reassignment surgery, are also included in the policy framework.

The company will provide up to six weeks of paid leave for its 3,800-plus staff, who are mainly based in the UK, undergoing such treatments, as well as those fleeing domestic abuse situations.

It comes as Asos announced its ethnicity pay gap data for the first time earlier this week, which showed median pay for minority ethnic employees is now 5.9% higher than that of their white colleagues.

It represents a 21.2% improvement in the overall median ethnicity pay gap since 2020, the retailer said.

The moves by Asos follows an announcement by online bank Monzo in May that it would provide paid leave for employees who are affected by the loss of a pregnancy, after the departure of its former chief executive, Tom Blomfield.

Blomfield, who founded Monzo, stepped down in January after his own struggles with anxiety and stress.

Monzo’s policies give either partner up to 10 extra days of paid leave if they lose a baby due to abortion, miscarriage or stillbirth.

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Business

NBS Says Price Of Kerosene Hit N1, 041 per Litre In October

The National Bureau of Statistics (NBS), has disclosed that the average retail price of Household Kerosene (HHK) paid by consumers in October was N1, 041.05 per litre.

The NBS stated in its “National Household Kerosene Price Watch” for October 2022 that the average price was a 9.90 per cent increase over the N947.30 per litre recorded in September 2022.

“On a year-on-year basis, the average retail price per litre of the product increased by 145.87 per cent from N423.42 recorded in October 2021.”

On state profile analysis, the report showed that the highest average price per litre of kerosene in October 2022 was recorded in Cross River at N1,304.17, followed by Enugu at N1,300.00 and Lagos at N1,294.44.

Conversely, it said the lowest price was recorded in Borno at N783.33, followed by Rivers at N804.17 and Bayelsa at N805.67.

The NBS said that analysis by zone showed that the South-East recorded the highest average retail price per litre of Kerosene at N1,191.14, followed by the South-West at N1,142.60.

It said the North-East recorded the lowest average retail price per litre of kerosene at N905.18.

The report said the average retail price per gallon of kerosene paid by consumers in October 2022 was N3,516.87, indicating an 8.67 per cent increase from N3,236.27 recorded in September 2022.

”On a year-on-year basis, the average price per gallon of kerosene increased by 126.46 per cent from N1,552.96 recorded in October 2021.”

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No Plan To Introduce N5,000 Note- CBN

The Central Bank of Nigeria (CBN) says it has no plan to introduce N5,000 denominated banknote as being speculated by some sections of the society.

Ahmed Umar, the Director, Currency Operations of CBN clarified this at a three-day workshop organised by the Nigeria Deposit Insurance Corporation (NDIC), for members of the Financial Correspondents Association of Nigeria (FICAN) and Business Editors.

The News Agency of Nigeria (NAN) reports that the workshop, which opened on Monday in Port Harcourt, has as its theme: “Building Depositors Confidence Amidst Emerging Issues and Challenges in the Banking Industry.”

Umar who spoke on the topic, “Redesign of the Naira: Benefits to the financial system and the Nigerian economy”, said the apex bank was not carrying out note restructuring.

“We are not introducing any new note because there was noise, some people have seen one N5000 note that we don’t know about,” he said.

Umar was represented by Amina Halidu-Giwa, the Head, of the Policy Development Division, Currency Operations Department of the bank.

He explained that if the apex bank wanted to carry out note restructuring, it would need to coin the lower bills, like the N100 note for example.

He also said that the apex bank had not made any provision for exchange in the redesigned note, adding that what it was printing would only replace the currencies withdrawn.

“What we are printing is going to be very limited because we want other means of settling transactions to be used.

“Because of Nigerians and cash, there seems to be a problem. And it will give us enhanced visibility and control of the currency.

“We will also be able to control the number of banknotes outside,” he said.

The News Agency of Nigeria (NAN) reports that videos of some bundles of new N5,000 notes with the name of the Central Bank of Nigeria clearly printed on them, circulated on WhatsApp immediately after the apex bank announced plans to redesign the N200, N500, and N1,000 notes in October.

(NAN)

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Business

Jaiz Bank Relocates Head Office To Abuja

Jaiz Bank Plc has relocated its Head Office to its own building, Jaiz Bank House, in Garki, Abuja.

A statement by the company on Tuesday said the movement coincides with the 10th anniversary of the bank.

The bank commenced operations in 2012, with three branches in Abuja, Kano and Kaduna.

It currently has 46 branches across Nigeria.

The statement said the new Head Office would provide the bank with more visibility, enlarged space and enhanced capacity to deliver excellent service to its stakeholders.

“The management is thankful to its esteemed customers and shareholders who have continued to support the bank all along and appreciates the hardworking staff for their dedication to duty.

“In the non-interest banking space in Nigeria, Jaiz Bank controls over 62% assets, which is supported by its robust gross income of N23.74 billion as at end of September 2022 from N18.78 billion at the end of September 2021, representing “26.34% increment.”

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