Economy

Nigerian households borrow more as personal loans jump 14.3% amid stinging inflation

Business a.m. Recent data from the Central Bank of Nigeria (CBN) has revealed that everyday Nigerians are turning to credit…

Nigeria’s debt jumps 25% to N121.67 trn in Q1’24-DMO

Nigeria’s total public debt rose to N121.67 trillion or about $91.46 billion, increasing by N24.33 trillion or 24.99 percent in…

Soaring inflation makes mincemeat of Tinubu’s shaky economic agenda 

May CPI pile more misery on household  Millions more hit multidimensional poverty hole ONOME AMUGE IN LAGOS, NIGERIA Nigeria’s economy…

Organised Labour suspends strike, gives FG 5 days to resolve minimum wage issue

Business a.m. The Organised Labour, comprising the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), have agreed to suspend…

Minimum wage:NLC, TUC tug Nigeria’s economic crisis edge with nationwide strike 

ONOME AMUGE IN LAGOS, NIGERIA With a resolute commitment to achieving the goal of a substantial minimum wage for Nigeria’s…

Labour’s N494,000 wage demand could cripple the Nigerian economy

Business a.m. The federal government has raised concerns over the potential economic implications of the proposed N494,000 minimum wage demanded…