India Stands Against De-Dollarization Amidst Trump's Tariff Challenges
Posted By Declan Mireku On 7 Dec, 2024 Comments(0)
India has chosen not to join the BRICS initiative for de-dollarization, maintaining a reliance on the US dollar amid Trump's tariff threats. India's central bank and Foreign Minister S. Jaishankar underscore the dollar's continued use in trade. This position contrasts sharply with China and Russia's push for reducing dollar dependence, as Trump warns of economic fallout for dollar challengers.
Read MoreNigerian Workers Await Tinubu's Signature on ₦70,000 Minimum Wage Bill
Posted By Declan Mireku On 26 Jul, 2024 Comments(0)
President Bola Tinubu has received the ₦70,000 minimum wage bill, signaling a significant boost in worker's earnings. After rigorous review by both the Senate and the House of Representatives, the bill awaits the President's signature. This move aims to improve workers' welfare and address Nigeria's high cost of living, with the exact signing date yet to be announced.
Read MoreNigeria's Labour Demand Could Exceed N85bn Monthly, Warns SBM Intel
Posted By Declan Mireku On 11 Jul, 2024 Comments(0)
The labour demand for a higher minimum wage in Nigeria could cost the government N85 billion monthly. The current proposal from labour unions could nearly double government personnel costs, challenging the federal budget and requiring potential adjustments. The debate revolves around a significant increase from N30,000 to N615,000 monthly, driven by rising living costs.
Read MoreEpra Announces Minor Reduction in Fuel Prices: Impact and Analysis
Posted By Declan Mireku On 14 May, 2024 Comments(0)
The Energy and Petroleum Regulatory Authority (Epra) has reduced fuel prices by one shilling in its latest review. This adjustment aims to ease financial pressures on motorists and businesses, enhancing economic activity and transportation affordability across the nation.
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