CBN Faces Pressure to Reduce Interest Rates

  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…

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TUC Links Naira Stability To Real Value Of Minimum Wage

  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…

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