Nigeria's President Tinubu Implements New Minimum Wage Amid Growing Economic Challenges
By Griffin Mbaye, 26 Jul, 2024 / Economy

Nigeria's President Tinubu Implements New Minimum Wage Amid Growing Economic Challenges

President Bola Tinubu's government in Nigeria has enacted a new minimum wage law, pegging the monthly minimum wage at 70,000 naira ($44) after extensive negotiations with labor unions. Initially demanding much higher figures, unions grudgingly accepted the lower amount due to accompanying benefits and the promise to review the wage law every three years. This move is aimed at mitigating potential strikes amidst escalating living costs and inflation.

Millennials Grapple with Midlife Financial Struggles and Insecurity
By Griffin Mbaye, 19 Jun, 2024 / Economy

Millennials Grapple with Midlife Financial Struggles and Insecurity

Millennials are facing a difficult midlife characterized by financial instability, housing challenges, and retirement uncertainty. The story of Claire, a 42-year-old entrepreneur who opened a store at 24, highlights the financial struggles of this generation. Despite initial success, she now faces housing affordability issues and retirement worries, mirroring the concerns of many millennials who've seen less financial success compared to their parents.