- De Zorzi out for 177 as S.Africa power to 413-5 against Bangladesh
- 'CEO of supercute': Hello Kitty turns 50
- Australia head coach McDonald handed new deal until 2027
- Visual artist grabs 'decisive moment' to nurture Chad art scene
- Industrial slump leaves Germany on brink of recession
- 'I'm terrified': French auteur Audiard hits Oscars trail for 'Emilia Perez'
- New Indonesia defence chief harks back to dictator's rule
- In Tennessee, the despair of gun control advocates
- US economy's solid growth unlikely to register at ballot box
- 'A treasure': Japan's Ohtani a hometown hero win or lose in World Series
- Botswana votes with ruling party seeking to extend six decades of power
- Bitcoin close to record as cautious markets eye US election
- Hometown hero Volpe lives dream with grand slam for Yankees
- Rested relief pitchers please Roberts even after Dodgers defeat
- UK's Labour govt prepares to deliver decisive first budget
- Beijing files WTO complaint over EU's new taxes on Chinese EVs
- Volpe's grand slam helps Yankees avoid World Series sweep
- Taiwan battens down for Super Typhoon Kong-rey
- MotoGP world title in sight as Martin, Bagnaia set for Sepang duel
- 'New wave' as start-up sweeps up Thai ocean plastic
- Botswana votes with ruling party aiming to extend six decades of power
- How harmful are microplastics to human health?
- Are bioplastics really the wonder alternative to petro plastics?
- EU's extra tariffs of up to 35.3% on Chinese EVs angers Beijing
- Rumble in the Jungle remembered after 50 years
- Trump risks backlash with anti-trans ads targeting Harris
- Alzheimer's patient 'relieved' at Quebec's assisted suicide policy shift
- Who should get paid for nature's sequenced genes?
- Bodies found as torrential rains slam Spain
- Harris urges US to turn page on Trump 'chaos' in mass White House rally
- Climate change driving 'record threats to health': report
- Harris warns of 'obsessed' Trump power grab at mass Washington rally
- Harris warns against Trump's power grab bid in final election warning
- Southampton, Brentford scrape into League Cup quarter-finals
- PGA players council seeks smaller fields, fewer full tour spots
- Napoli extend lead at top of Serie A with win at AC Milan
- Harris to slam 'unstable' Trump at Washington rally
- Jennifer Lopez to boost Harris at glitzy Las Vegas event
- Global stocks mixed as markets await Big Tech results
- Seven missing as torrential rains slam Spain
- Three-person crew blasts off for China's Tiangong space station
- Google reports strong growth driven by AI, Cloud
- Kyiv announces new mobilisation drive as Russia advances
- Release of new single featuring late One Direction star postponed
- Alcaraz breezes through opener at Paris Masters
- Bolivia 'going from bad to worse': At the barricades with Morales supporters
- Biden unveils $3 bn US ports boost, takes aim at Trump
- EU slaps extra tariffs of up to 35.3% on Chinese EVs
- England boss Borthwick has no qualms over starting Slade against All Blacks
- 'Tootsie' star Teri Garr dies aged 79
NGG | -1.35% | 65.12 | $ | |
RELX | -0.52% | 47.91 | $ | |
RBGPF | 100% | 62.35 | $ | |
SCS | -3.11% | 12.21 | $ | |
RYCEF | 0.55% | 7.25 | $ | |
BCC | -5.3% | 131.64 | $ | |
CMSC | -0.65% | 24.57 | $ | |
CMSD | -0.16% | 24.84 | $ | |
RIO | 0.6% | 66.58 | $ | |
VOD | -2.8% | 9.28 | $ | |
BCE | -0.71% | 32.46 | $ | |
BTI | -1.31% | 34.46 | $ | |
JRI | -0.69% | 12.98 | $ | |
GSK | 0.76% | 38.17 | $ | |
AZN | -1.05% | 75.22 | $ | |
BP | -5.76% | 29.36 | $ |
Nigerian president to hike minimum wage as living costs rise
Nigeria's President Bola Ahmed Tinubu agreed on Thursday to more than double the monthly minimum wage to 70,000 naira ($43) as the country struggles with a severe cost of living crisis.
The new wage level applies to federal workers, from civil servants to airport staff and public teachers -- but the increase from 30,000 naira was far less than that previously demanded by labour unions.
"President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with promise to review the national minimum wage law every three years," the president's media adviser Bayo Onanuga wrote on X on Thursday.
Onanuga said the president had announced the decision at a meeting with union leaders in Abuja.
Since coming to office a year ago, Tinubu has ended a costly fuel subsidy and complex currency controls, leading to a tripling of petrol prices and a spike in living costs as the naira has slid against the dollar.
Africa's most populous nation has seen a series of labour strikes in recent months as unions pushed for an increase in the wage.
During the protests union workers shut down the national grid, stalled domestic flights and closed federal offices, ports, petrol stations and courts.
At the time of the nationwide strike last month, unions had been demanding a minimum monthly wage of 494,000 naira.
- Record inflation -
Joe Ajaero, the leader of Nigeria's main labour union the NLC, told journalists on Thursday he had mixed feelings because of the economy.
"We have to move ahead despite the situation, and the negotiation can't linger... coming from 62,000 naira to 70,000," he added, welcoming the chance to review the wage.
Workers in the capital Abuja told AFP the increase was not enough.
"It's unrealistic -- they should look at the cost of things," said Charles, a 53-year-old government administration worker.
"I'm worried I won't be able to feed my family," he said. "One bag of rice won't last more than four weeks and it costs me 86,000 naira. It's horrible."
Tinubu has repeatedly called for patience to allow the reforms to take effect, saying they will help attract foreign investment and better the economy.
But the measures have hit Nigerians hard and the country is battling its worst cost of living crisis in a generation.
Inflation hit record levels at 34.19 percent in June, with food inflation more than 40.87 percent, according to the national bureau of statistics.
Many poor Nigerians have had to skip meals and give up products such as meat, eggs and milk, while in the north the economic crisis has forced people to eat poor-grade rice usually used as fish food.
S.Keller--BTB