New Heights: Nigeria’s Economic Landscape June Insights

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Nigerian Government Offers New Minimum Wage

NLC Protest (PHOTO CREDIT: Ademola Popoola -Premium Times)

The federal government has increased the proposed national minimum wage from N60,000 to N62,000, while the organised labour has lowered its demand from N494,000 to N250,000.

Dollar Liquidity in Nigeria’s Official Market set for 5-month low in June 2024

The Nigerian Autonomous Foreign Exchange Market, NAFEM, is set to record its lowest foreign exchange (FX) turnover in five months in June 2024, as dollar illiquidity continues to exert pressure on the naira.

IMF: Nigeria’s economy to hit $1.85trn by 2029

The International Monetary Fund (IMF) has projected Nigeria’s economy will rise to at least $1.85 trillion in purchasing power parity terms by 2029.

Brass opts for a Smaller Team Under New Management

While the takeover of business banking startup Brass by a group of investors was widely hailed as a win by the tech ecosystem, it also entailed a restructuring that saw several employees leave the business.

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We hope you find these insights valuable for your ongoing endeavors. As always, we welcome your thoughts and feedback.

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