Browsing Tag
Economy
87 posts
Federal Government Announces Future Reassessment of N70,000 Minimum Wage
Chief of Staff Femi Gbajabiamila has announced that the federal government plans to review the N70,000 minimum wage, citing the need for compensation to match rising living costs.
Taiwo Oyedele: Nigeria’s Path to Growth Depends on Optimized Tax System
Presidential tax reform lead Taiwo Oyedele and CITN officials discuss how public education and fairness in administration are critical to unlocking Nigeria's development potential through tax reform.
Critics Question Onanuga’s Assessment of Nigeria’s Economic Crisis
Rights advocates and community leaders are challenging statements by presidential aide Bayo Onanuga regarding the current economic state, arguing that infrastructure claims overlook the harsh reality of widespread hunger and inflation.
Dangote Refinery Lowers Fuel Prices Once More
Dangote Refinery has slashed its petrol gantry price by N50, bringing the rate to N1,125 per litre as global crude prices stabilize.
Government intends to reassess the current N70,000 minimum wage
Chief of Staff Femi Gbajabiamila has announced that the administration will review the existing N70,000 minimum wage to better align with current economic realities.
Gbajabiamila claims Tinubu inherited a failing economy
President Tinubu's Chief of Staff, Femi Gbajabiamila, argues that difficult economic reforms were necessary to save Nigeria from collapse, despite the immediate hardships they caused for citizens.
Rachel Reeves endorses Andy Burnham for prime minister
Chancellor Rachel Reeves has expressed her support for Andy Burnham as the next prime minister, while stressing the importance of maintaining strict fiscal discipline within the Labour Party.
Understanding how university subjects influence lifetime earnings
New research shows that university subject choices drastically impact lifetime earnings, with medicine leading to high returns while other degrees may provide little financial benefit.
Oil costs drop to pre-Iran conflict levels as shipping lanes reopen
Oil prices have returned to pre-conflict levels as commercial shipping lanes through the Strait of Hormuz begin to reopen following recent US-Iran negotiations.
Government implements temporary VAT reduction on family activities and children’s meals
A temporary VAT reduction on family attractions and children's meals launches this week, though experts and businesses question its overall effectiveness and implementation costs.