Tag: Nigeria

Black Market Dollar to Naira Rates Soar Across Nigeria on March 26, 2025
19

Aug

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Black Market Dollar to Naira Rates Soar Across Nigeria on March 26, 2025

On March 26, 2025, Nigeria's black market dollar to naira rate shot upwards, hitting N1,570 for buyers as the official rate remained much lower. With cash in high demand and official channels tight, these unofficial trades saw strong activity. Rates for pounds, euros, and yuan also followed this trend.

Tinubu Expected to Sign New ₦70,000 Minimum Wage Bill Next Week
26

Jul

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Tinubu Expected to Sign New ₦70,000 Minimum Wage Bill Next Week

The ₦70,000 Minimum Wage Bill is expected to be signed into law by President Bola Tinubu next week. After swift passage by both the Senate and the House of Representatives, the new wage will replace the previous ₦30,000 minimum, marking a significant increase for Nigerian workers. The bill also shortens the review period from five to three years.

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