News from Nigeria Economy
Stay current with all the latest and breaking news about Nigeria Economy, compare headlines and perspectives between news sources on stories happening today. In total, 514 stories have been published about Nigeria Economy which Ground News has aggregated in the past 3 months.
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Wages · NigeriaThe Lagos State Government has refuted claims that Governor Babajide Sanwo-Olu announced an increment in the minimum wage to N70,000. Lagos State Commissioner for Information, Gbenga Omotoso, disclosed this in a statement on Thursday. Omotoso said the confusion arose following an event at the Governor's Office on Wednesday, where Sanwo-Olu unveiled "Eko Cares," a program […] The post Sanwo-Olu did not announce minimum wage increment to N70,000 -…See the Story
Sanwo-Olu did not announce minimum wage increment to N70,000 – Commissioner
100% Center coverage: 1 sources
Wages · LagosThe Lagos State Government has clarified that it has not increased minimum wage, contrary to reports being widely circulated and attributed to Governor Babajide Sanwo-Olu. Commissioner for Information and Strategy, Gbenga Omotoso, gave the clarification in a statement, on Thursday. “The Lagos State Government has not increased the minimum wage, contrary to the impression in some media reports, which emanated from the unveiling of Eko Cares – the…See the Story
Lagos has not increased minimum wage to N70,000, govt clarifies - Daily Trust
100% Left coverage: 1 sources
Stock Markets · NigeriaTotal transactions by domestic portfolio investors in the stock market rose by 86.23 per cent as they invested a total value of N1.335 trillion in the first quarter (Q1) of 2024. The domestic investors have continued to hold ground on the floor of the Nigerian Exchange (NGX) Limited despite rising inflation and currency volatility in the foreign exchange market as they were major drivers of the Domestic & Foreign Portfolio Investment. This was c…See the Story
Domestic Investors Stake N1.335trn In Equities In Q1
Inflation · NigeriaNigeria’s Naira is experiencing a notable downturn, marking its most severe four-day drop since a devaluation earlier this year, as available U.S. dollars become scarce. Tuesday saw the Naira depreciate by 5.3% against the dollar, although it remains the best performer this month among currencies tracked by financial analysts, holding a 15% gain. However, in less formal markets, it’s a different story; the Naira dipped by 0.2%, cumulating a 17% …See the Story
Nigeria’s Naira slips again thanks to downturn in dollar liquidity
Bola Tinubu · NigeriaPresident Bola Tinubu has implored the nation’s Judiciary to embark on reforms that would ensure a functional justice system that will support a rapidly growing economy, guarantee basic human and political rights of individuals as well as provide security and justice to all Nigerians. According to him, much can be achieved when institutions of government, including the Executive, Legislature and Judiciary, unite to acknowledge their challenges a…See the Story
Public Safety, Economic Dev't Hinge On Justice Reforms
Economy · NigeriaNigeria Development and Finance Forum (NDFF) 2024 Conference is set to strengthen the momentum for Nigeria’s economic growth and catalyse development in the country’s blue and green economies, the organisers have said. The post ‘How NDFF confab will boost economy’ appeared first on The Guardian Nigeria News - Nigeria and World News.See the Story
‘How NDFF confab will boost economy’
100% Center coverage: 1 sources
Bola Tinubu · NigeriaTofe Fasua, a Special Adviser to President Bola Ahmed Tinubu (Office of the Vice President), has assured Nigerians that the current inflationary pressures are set to plummet dramatically. This is coming at a time Nigeria faces its highest inflation rate in 28 years, with the annual inflation rate soaring to 33.2% in March 2024. The surge in prices has been attributed to a sharp fall in the local currency and the removal of fuel subsidy leading t…See the Story
Inflation will drop like a rock – Tinubu's Aide - Daily Trust
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