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Nigerian civil servants have demanded an immediate 400 per cent increase in the national minimum wage to counter severe economic hardship. The Joint National Public Service Negotiating Council announced the position following a two-day national retreat in Osogbo, Osun State. Union leaders insist the current N70,000 monthly baseline leaves public workers entirely unable to cope…
Nearly two-thirds of Nigerians are demanding a reduction in borrowing costs ahead of the Central Bank of Nigeria’s Monetary Policy Committee meeting scheduled for May 19 and 20, 2026, according to the apex bank’s own survey data. The CBN’s April 2026 Inflation Expectations Survey Report, released by its Statistics Department under the Economic Policy…
Nigeria’s Workers’ Day observance has reopened debate on the real value of wages, with labour leaders warning that salary increases alone cannot shield workers from deepening economic pressure without currency stability. The President of the Trade Union Congress of Nigeria, Festus Osifo, said the Federal Government must address what he described as the undervaluation…
In recent years, Nigeria has witnessed a perplexing economic phenomenon: the rising prices of food and essential items despite a backdrop of poor consumer demand. This situation is particularly striking as it unfolds against the backdrop of the religious observance periods of Lent for Christians and Ramadan for Muslims, times traditionally marked by fasting and…
