Nigeria: Naira Showing Signs of Stability – IMF
The International Monetary Fund (IMF) has said Nigeria’s currency, the naira, is showing signs of stability. This, it said, is due to recent interest rate hikes and the clearing of…
Category: ECONOMY
We Have Plans To De-Dollarize Nigerian Economy – Minister
Mr Edun said the move is part of efforts by the fiscal authorities to complement the efforts of the monetary policy authorities and drive necessary economic reforms. The Nigerian government…
Nigeria Seeks Another $500m World Bank Loan To Fix Rural Roads
Nigeria has again approached the World Bank to secure a $500 million loan aimed at enhancing rural road infrastructure and supporting agricultural marketing across the country. The request, which was…
Nigeria: FG, States Can Pay Minimum Wage With Recovered Loot – Falana
Human rights lawyer and Senior Advocate of Nigeria, Femi Falana said both the federal and state governments have the capacity to pay the national minimum wage if looted monies are…
774 LGs Can’t Pay ₦62,000 Minimum Wage — ALGON Boss
The Association of Local Government of Nigeria has raised concerns over the proposed N62,000 minimum wage, insisting that if approved, the wage may put a strain on the councils’ financial…
Wale Edun Submits Minimum Wage Cost to Tinubu
In line with President Tinubu’s directive, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted the projected cost implications of implementing a new national minimum…
Tinubu Orders Edun to Present Minimum Wage Template by Wednesday
President Bola Tinubu has directed Minister of Finance, Wale Edun, to present a template for a new minimum wage. This was revealed by the Minister of Information and…
BREAKING: LOCAL AIRPORTS REOPEN AS LABOUR “RELAXES” STRIKE, GIVES GOVERNMENT 1WEEK ULTIMATUM
Local airports in the country have restarted operations following the ‘relaxation’ of the indefinite strike by the Organised Labour. Organised Labour issued a one-week ultimatum to the Federal Government to…
NLC, TUC Set For Joint NEC Meeting
The Organised Labour, comprising the Trade Union Congress and the Nigeria Labour Congress, is set to hold a joint extraordinary National Executive Council in a few moments. The…
FG Proposes Over N60,000 Minimum Wage as NLC/TUC Deliberate
The Federal Government has disclosed its readiness to pay higher than N60,000 as minimum wage, urging organized labour to take the offer. This was disclosed by the government…