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Aba North/Aba South bye-election: Destiny Nwagwu emerges APGA candidate
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Gov Poll: Orajiaka unveils 6-point agenda to transform Anambra
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ABCON: 26 BDC operators arrested over ‘money laundering, terrorism financing’ The Association of Bureau De Change Operators of Nigeria (ABCON) says 26 members have been arrested by security operatives, over alleged unlawful foreign exchange (FX) transactions.Advertisement Aminu Gwadabe, president of.
Makinde: For blocking governance loopholes, I’ve received threats over 2023 ambition Seyi Makinde, governor of Oyo, says he has received threats over the forthcoming 2023 governorship election in the state, because he has blocked loopholes in the system.Advertisement According to a.
NPHCDA: 374,585 Nigerians have received COVID vaccine over 90,000 in Lagos The National Primary Health Care Development Agency (NPHCDA) says the number of Nigerians who have received the COVID-19 vaccine has exceeded 350,000.Advertisement The agency disclosed this in an update on.
By Peter Uzoho
The rise of inflation is eroding the value of minimum wage in Nigeria, a report by the Financial Derivatives Company (FDC) has stated.
The report also projected that the continuous rise in the price of crude oil coupled with reduction in subsidy payments and improved tax collection, the monthly disbursements by the Federal Accounts Allocation Committee (FAAC) would increase to N700 billion for this month.
The latest FDC monthly economy outlook report obtained by THISDAY yesterday, said the high inflationary pressure subsequently resulted in the collapse of disposable income amongst workers.
The N30,000 minimum wage in Nigeria, which is not even fully implemented by all the states, is low compared to its peer countries like South Africa with ($232.03) and Egypt with ($128.22), the report said.
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