₦airaland Forum

qtx:
lol. In your mind you have spoken sense abi? I know your type and what drives you. sorry!

jefdr001:
You must think each level increase add an equivalent amount of minimum wage. Joker. At 60k min wage a level 8 officer who was earning 62k roughly will still not earn 100k

dollar124:
Everybody seems to be supporting this labour demands now hmmm. My question is how many percent of Nigerian work force are employed by government? Who will pay people under private sector and SME their own minimum wage?
Are we ready for the kind of hyperinflation that will make what we are currently facing look like child's play this labour proposed minimum wage will cause if approved?

mkoabiola:
But local govt chairmen are worst .

They will do worst of granted autonomy,
How many local govt chairmen have been impeached for financial recklessness....
They do nothing

No accountability no transparency

qtx:
Tinubu should be mentioned bc he is the president of Nigeria. Peter Obi is not. When Buhari was there he was mentioned daily, in fact to show how bad it became, someone even named his dog Buhari, so there is nothing wrong if Tinubu is mentioned. He is our president.

MaxW11:
What does everything have to be political or tribal? This is quite unfortunate

Brendaniel:
Read your comment again and count how many times you have called Obi's name in just one comment, I am sure if I count how many times you have called his name today in all your comments it might be like 1000 times already....

And you want me to believe your statement here that Peter Obi is not giving you nightmare ...

twilliamx:
Nice.. ndi obidient oya come and find every thing wrong with this

sleek214:
. Okay, remove Olu Falae from the list. He was never a powerful politician. Also remove Odili, he is still a strong man in Rivers politics, though he might not be as lousy as Wike but he commands respect. Any politician that people go to consult during election is still relevant/powerful.

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The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent over Friday’s 1,482.81/$.

According to FMDQ data, which houses the Nigerian Autonomous Foreign Exchange Market, the daily turnover dropped to $180.80m from $556.25m on Friday, indicating a 67.50 per cent decline.

At the official market, the naira traded at an intraday high of N1,501 and an intraday low of N1,310 to the dollar on Monday.


At the black market, the naira traded at N1,520, indicating a 1.32 per cent depreciation from N1,500 exchanged on Friday.


The local currency on Friday closed flat against the dollar, ending the week marginally strong at the official foreign exchange market after weeks of weakening, a situation that the Central Bank of Nigeria Governor, Olayemi Cardoso, termed seasonal fluctuation.

He said this at the post-Monetary Policy Committee meeting press briefing last Tuesday in Abuja.

“Members further observed the recent volatility in the foreign exchange market, attributing this to seasonal demand, a reflection of the interplay between demand and supply freely functioning market system,” Cardoso said.


Meanwhile, the demand for foreign exchange by individuals and companies seeking to do importation and other forex-related activities fell 42 per cent year-on-year, the latest data from the CBN has shown.

An analysis of the total sectoral utilisation of foreign exchange revealed that 19 sectors and services received $21.12bn forex allocation in 2023.

The figure was, however, a 41.9 per cent or $8.87bn reduction from the $29.98bn disbursed to the industry players in 2022, according to the quarterly statistics report by the CBN.

Forex allocation refers to the process through which the CBN distributes foreign exchange to various sectors of the economy, including individuals, businesses, and government agencies, based on certain criteria and priorities.

In June 2023, the CBN adopted a floating exchange rate system for the naira, unifying all forex market segments, consequently leading to a notable depreciation of the domestic currency against the US dollar and other global currencies.

SpecialAdviser:
E no go better for APC with is structure of criminality

SpecialAdviser:
E no go better for APC with is structure of criminality

otherway:
Its just a meaningless portfolio to reward her for the job she is doing and soon una go know the job. Nothing is hidden forever.

Prechgold1180:
Padi padi government.


My Nigeria not happen to our children
Cus e don happen to us already

Validated:
For selling her birthright for a pot of porridge

hafeeanubasy:
According to PETHIEF GRIEVING OBI philosophy of governance "There are many Aba roads to repair,paying a new minimum wage should not be a priority".

Even Anambra is not paying 30k minimum wage!

pikechukwu6:
Better still let Tinubu return the mandate he stole by interfering with PH during election ... Local always local. Thanks to Federal Government for interfering on this matter at least the looting will circulate

assholemods:
Wetin this one dey talk,?

rayvelez:
Nonsense suit lol no be dis werey fought obj for creating more illegal local government.

Oxb90:
Now that you know the truth, you should go and educate your people better.