The recent Central Bank of Nigeria‘s Monetary policy Committee‘s decision, to continue its hiking of interest rate, by another 100 basis points to 16.5% has elevated the debate on where the preference should lie. Inflation lowering is a core mandate for all central Banks. Monetary stability is important for economic well-being. The issue is, should…
Inflation: TUC To Press For Increased Minimum Wage
Following the devaluation of the Naira by the Central Bank of Nigeria, the Trade Union Congress, TUC, has announced that it would engage the federal government in 2015 to press for a raise in minimum wage. This was contained in a statement on issued on Sunday by Bobboi Kaigama, National President of the Congress at…
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