Tinubu not occupied with 2027 election – Presidency
The Presidency has made it clear that President Bola Tinubu is not thinking about the 2027 election right now. According to his Special Adviser on Media and Public Communications, Sunday Dare, Tinubu is more focused on his economic policies to improve the lives of Nigerians. Dare shared this on his X page, highlighting key achievements […]
With the Naira’s fall, Nigeria is arguably now more competitive – Chatham House warns FG against strengthening Naira
Chatham House, a UK-based think tank, has advised the Nigerian government not to strengthen the naira. The organization believes that the naira’s decline has made Nigeria’s economy more competitive and warns that reversing this trend could do more harm than good. According to Chatham House, President Bola Tinubu’s economic reforms have led to a sharp […]
Inflation and global economic disruptions hindering ECOWAS single currency launch – Wale Edun
The Economic Community of West African States (ECOWAS) has been working toward introducing a single currency, the Eco, to improve trade and economic stability in the region. However, the plan has faced multiple delays due to economic challenges. Nigeria’s Finance Minister, Wale Edun, recently explained that inflation and global economic disruptions are key obstacles preventing […]
CBN retains Nigeria’s interest rate at 27.50% amid inflation drops
decided to keep the country’s interest rate at 27.50% in January 2025. This is the same rate set in November 2024, even as inflation has started to decrease. CBN Governor, Olayemi Cardoso, made this announcement after the 299th Monetary Policy Committee (MPC) meeting in Abuja. He explained that the committee chose to maintain the rate […]
Nigeria’s inflation drops massively to 24.48% after CPI rebase
Nigeria’s inflation rate has dropped significantly to 24.48% in January 2024, down from 34.80% in December 2024. This sharp decline follows the rebased Consumer Price Index (CPI) introduced by the National Bureau of Statistics (NBS). The rebased CPI now uses 2024 as the base year and 2023 as the weight reference period, leading to a […]
Untamed inflation: Nigerian workers eye 50% wage increase
Nigerian workers are calling for a 50% wage increase to help cope with the country’s high inflation. This demand was made by a senior official of the Nigeria Labour Congress (NLC) in an interview with DAILY POST. Although the minimum wage was raised in July 2024, workers say that the increase has been wiped out […]
Nigerian govt announces period for next minimum wage increase
The Nigerian government has announced a major policy change regarding the review of the country’s minimum wage. Moving forward, the minimum wage will be reviewed every two years instead of the previous five-year interval. This adjustment is part of the government’s effort to address economic realities and provide better support for workers. The Minister of […]
Rufai Oseni Faults Tinubu’s Media Chat
Rufai Oseni, a well-known Nigerian on-air personality, has criticized President Bola Tinubu’s recent media chat, expressing disappointment in the President’s understanding of the issues affecting Nigeria. Speaking on The Morning Show, Oseni said he was concerned after watching the chat, noting that Tinubu seems to lack a complete understanding of the country’s challenges. Oseni pointed […]
We Won’t Control Prices To Reduce Food Costs – Tinubu
In a recent presidential media chat, President Bola Ahmed Tinubu made it clear that he does not support implementing price controls as a strategy to reduce high food prices. His comments have sparked discussions about how best to address the rising cost of food in the country, which has been a significant concern for many […]
Tinubu’s team uncoordinated, suffering economic illiteracy – Ex-presidential candidate, Adebayo
Prince Adewole Adebayo, former presidential candidate of the Social Democratic Party (SDP), has strongly criticized President Bola Tinubu’s economic team, calling it uncoordinated and lacking economic understanding. In a recent interview, Adebayo expressed concerns over the country’s current economic direction and pointed out key mistakes made by the administration. Adebayo took issue with the Finance […]