Search results
Results from the WOW.Com Content Network
Lateef Fagbemi. On 31 May 2024, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) called for an indefinite general strike, demanding the country's monthly minimum wage be raised from ₦30,000 to ₦494,000. This came as a response to a national cost-of-living crisis, as the price of food and electricity overtook the minimum wage ...
The naira was introduced on 1 January 1973, [9] replacing the Nigerian pound at a rate of £1 = ₦2. [10] The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen ...
Average mortgage rates for benchmark 30-year fixed terms are under 6.20% as of Wednesday, September 25, 2024, pushing to lows last seen in September 2022.
2023 Nigerian currency crisis. The 2023 Nigerian currency crisis was precipitated by a shortage of cash currency (the naira) and an attempt by the Nigerian government to force citizens to use a newly created government-sponsored central bank digital currency. This led to extensive street protests in mid-February 2023. [1][2][3]
At the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an eighth ...
Economy of Nigeria. All values, unless otherwise stated, are in US dollars. Change in per capita GDP of Nigeria, 1950–2018. Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging market [27][28] with expanding manufacturing, financial, service ...
At the conclusion of its fifth rate-setting policy meeting of 2024 on July 31, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50% for an eighth ...
August 26, 2024 at 4:00 PM. ABUJA (Reuters) - Nigerian President Bola Tinubu named new homeland security and foreign intelligence chiefs on Monday, a week after their predecessors resigned ...