Nigerian Economy in Crisis: Naira Falls to Historic Low of N1,555/$

The Nigerian economy is facing a significant crisis as the naira plummets to a historic low of N1,555 per dollar in the parallel market. This alarming depreciation has far-reaching implications for the country’s economic stability, inflation rates, and the daily lives of its citizens. The Causes Behind the Decline Several factors have contributed to... Read More

Federal Authorities to Regulate Costs of Imported Foodstuff

The Federal Government announced that imported food items over the next 150 days will be subjected to recommended retail prices to curb the high cost of food in Nigeria. This decision follows the suspension of import duties and taxes on essential items like rice and wheat. Agriculture and Food Security Minister Abubakar Kyari revealed... Read More

Minister of Finance Wale Edun submits minimum wage cost to Tinubu

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted the projected cost implications of implementing a new national minimum wage to President Bola Ahmed Tinubu. On Thursday, June 6, Edun delivered the document just two days after Tinubu directed him to present a proposed new minimum wage figure along with... Read More