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

Gbas Gbos: Nigerian Governors Declare Inability to Pay N60,000 Minimum Wage

Nigerian Governors Declare Inability to Pay N60,000 Minimum Wage In a significant development, Nigerian state governors have collectively declared their inability to meet the proposed N60,000 minimum wage due to budgetary constraints. The announcement was made following a recent meeting of the Nigeria Governors’ Forum (NGF), where the financial implications of the new wage... Read More

Tinubu Orders Immediate Cost Assessment of Minimum Wage Raise by Finance Ministry

FCT – President Bola Tinubu has issued a directive to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to prepare and present the cost implications of a new minimum wage by the end of the day. This urgent directive comes as the government seeks a sustainable and realistic figure... Read More

Breaking: Heritage Bank is Not in Distress, CBN Assures Public

The Central Bank of Nigeria (CBN) has officially addressed and dismissed the false and malicious rumors circulating on social media that suggest Heritage Bank is experiencing financial distress and is unable to fulfill its obligations to depositors. In a statement released by Isaac Okorafor, the Acting Director of Corporate Communications, the CBN clarified that... Read More