Fed Govt Commences Minimum Wage Review   The National Salaries Incomes and Wages Commission says it has initiated process for the review of the National Minimum Wage. NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku, said this in a statement on Sunday in Abuja. Njoku said as part...

2023 FGN Budget Figures Unrealistic, Not In Agreement With Budget Objectives – Dr. Uba   Expenditure cuts on government consumption, transfers will ensure fiscal viability/consolidation than tax increases Fiscal viability can’t be created, sustained with growing budget deficit funded by public debt- Uba Analysis of 2023 budget shows...

'Recession, Hyperinflation Likely In 2023'   The Lagos Chamber of Commerce and Industry (LCCI) has said that economic conditions across regional blocs show that a recession or a significant slowdown of growth in 2023 is likely owing to spiralling inflation, high energy cost, monetary policy tightening,...

"Rising Inflation, Unemployment Will Persist"   A report by Money Africa has said that Nigerians need to get out of bad debts to survive the financial challenges in 2023. It noted that the residual effect of the pandemic, Russian Ukraine war and high inflation had affected the...

CBN Loans: Nigeria’s Debt Hit N77 Trillion - DMO Nigeria’s Debt Management Office (DMO) said that the next administration will inherit a public debt of N77 trillion if the N23 trillion loans from the Central Bank of Nigeria (CBN) are securitised. The Director-General of the DMO,...

Railway Debt Servicing Gulps N246bn   The Federal Government spent $548.67m (N246.11bn using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria ) to service railway-related debts between 2016 and 2022, according to Nigeria’s external debt service payments reports by...