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Economy
334 posts
Federal Government mandates settlement of civil servant wage arrears by August 15
The Nigerian government has committed to paying outstanding two-month wage awards to civil servants by August 15, following successful negotiations that averted a planned labor strike.
Presidency Credits Economic Reforms for Robust First-Half 2026 NGX Performance
The Presidency links strong first-half 2026 financial results on the Nigerian Exchange to key economic reforms, including currency unification and strategic energy sector approvals.
Nigerian authorities commit to settling unpaid worker wage awards by mid-August
The Nigerian Federal Government has promised to clear all outstanding civil servant wage awards before mid-August following a meeting with labour leaders.
Federal Government to Settle Unpaid Wage Awards for Civil Servants by August 15
The Federal Government has pledged to pay outstanding wage awards to civil servants by August 15, successfully averting a strike following negotiations with the JNPSNC.
ITUC-Africa criticizes Nigeria’s electricity subsidy removal strategy
ITUC-Africa has denounced the Nigerian government's plan to phase out electricity subsidies, arguing the move favors international institutions over the well-being of the working class and threatens industrial progress.
Nigeria Records 17-Year Peak in Foreign Reserves at $52.5 Billion
Nigeria's foreign reserves have climbed to $52.5 billion, a 17-year high, driven by successful economic reforms and increased investor confidence, according to the Central Bank of Nigeria.
Nigeria and United States Strengthen Collaboration in Solid Minerals Sector
Nigeria and the United States are formalizing a strategic partnership to boost investment and innovation across the critical minerals supply chain.
Finance Minister calls emergency meeting following worker unrest over overdue pay
The Federal Ministry of Finance has invited labor leaders to emergency talks to address unpaid wages and economic hardship before a looming August 11 union deadline.
National Economic Council authorizes $4.5 billion loan deal for NNPC
The National Economic Council has approved a $4.5 billion refinancing deal for NNPC to boost foreign reserves and support infrastructure after reducing crude oil output requirements.
Nigeria courts Saudi investment, highlights readiness for commercial and tourism collaborations
Minister Mohammed Idris and NiDCOM head Abike Dabiri-Erewa are pushing for increased Saudi investment and diaspora participation to strengthen Nigeria's economic and tourism sectors.