Nigerian President Bola Tinubu emphasizes that the country will adhere to a minimum wage that aligns with its economic capabilities, stressing a balanced approach to wage adjustments amid economic challenges
Nigerian governors reject a proposed increase in the minimum wage to ₦60,000 ($133), citing concerns about financial sustainability. Labor unions remain adamant about a significant hike, leaving the federal government to mediate a solution.
NLC and TUC lead protests against NAFDAC's alcohol ban, demanding the suspension of its Director General, citing economic damage and favoritism toward multinational corporations.
The Central Bank of Nigeria has overhauled its cash-handling rules, lifting deposit limits and increasing weekly withdrawal thresholds to N500,000 for individuals and N5 million for corporates.