Economy Archives - Page 6 of 22

Minimum Wage Dialogue: Tinubu Continues with Labour Leaders

Continued Dialogue on Minimum Wage President Bola Tinubu has scheduled a dialogue to meet with labour leaders on Thursday to continue discussions on establishing a new minimum wage. This meeting follows a...

Nigeria’s Inflation Rate: 34.19% Increase in the Month of June

Inflation Trends in June 2024 In June 2024, Nigeria’s headline inflation rate rose to 34.19%, a 0.24 percentage point increase from May’s 33.95%. This rise reflects a significant year-on-year increase of 11.40...

Minimum Wage Negotiation Postponed After Meeting With Tinubu

Tinubu and Labour Leaders to Reconvene Next Week President Bola Tinubu’s anticipated meeting with labour union leaders regarding the minimum wage adjustment negotiation was postponed after an hour-long discussion at the Presidential...

Gold Reserve Bill: Senate Rejects Gold as external Reserve Boost

Nigerian Senate’s Decision On July 11, 2024, the Nigerian Senate opted not to pass a pivotal bill proposing the use of the nation’s gold reserve to enhance its financial reserves, marking a...

Worsening Food Crisis and Child Deaths, Senator Ndume Laments

Alarming Food Scarcity in Nigeria Senator Mohammed Ali Ndume has raised significant concerns about the worsening food crisis in Nigeria, comparing the dire situation to that in Niger and South Sudan. He...

Tinubu to Finalize Minimum Wage Talks with Labour Unions

Towards a New National Minimum Wage President Bola Tinubu has addressed minimum wage debates by inviting NLC and TUC leaders for crucial talks at Aso Villa. This meeting, set for Thursday, aims...

Goodluck Confident in Nigeria’s Economic Recovery

Optimism Amid Challenges Amid Nigeria’s severe economic difficulties, Former President Goodluck Jonathan, represented by the traditional ruler of Abureni Clan in Bayelsa and Rivers states, made a confident assertion that Nigeria will...

Oyedele Tax Reform Strategy: Reform through Technology

Enhanced Revenue Without New Taxes Taiwo Oyedele, the Chairman of Nigeria’s Presidential Fiscal Policy and Tax Reform Committee, has put forth a promising strategy for Nigeria’s fiscal future. He believes that the...

Minimum Wage Negotiations Decentralisation is Anti-worker

Governors’ Proposal Meets Resistance The Southern Governors’ Forum recently proposed decentralisation of minimum wage negotiations to individual states. This suggestion, emerging from a meeting in Abeokuta, sparked widespread debate. Organised labour groups,...

Tinubu to Discuss Minimum Wage at NEC Meeting

President’s Unusual Appearance President Bola Tinubu plans to discuss the new national minimum wage with state governors at the 142nd National Economic Council (NEC) meeting. This meeting is set to take place...

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Category: Economy