Search Results for "living costs"
46 results found
Why Dangote, depots are slashing rates in Nigeria amid high crude costs

…millions of Nigerians struggling with expensive transportation and rising living costs, the biggest test will be whether the wholesale reductions translate into meaningful savings at the pump.Depot owners release new prices nationwideLegit.ng earlier reported that Nigeria’s downstream petroleum market is witnessing fre…

Business by nigerianewsfeed · 2 hrs ago · 0 comments · 0 views
PenCom unveils fresh deadline for PFAs to open 3 million accounts

…for retirement income.For workers approaching retirement and pensioners struggling with living costs, the changes promise relief from inadequate payments and uncertainty over when benefits will arrive.

Business by nigerianewsfeed · 2 days ago · 0 comments · 11 views
Hardship: Our problems with FG’s 90-day relief plan —Labour

…arguing that temporary palliatives cannot replace concrete measures to tackle rising living costs, declining purchasing power and widespread impoverishment. The NLC also demanded the disclosure of the details of the plan, alongside concrete action on wage awards, petroleum prices, tax relief and the review of the natio…

Business by nigerianewsfeed · 3 days ago · 0 comments · 13 views
TUC rejects FG's proposed N70,000 transport allowance, demands salary increase

…Government of the Federation, demanding an immediate salary review in response to rising living costs. The TUC argued that the government did not need to wait for negotiations on the national minimum wage before increasing workers’ salaries, noting that there was no legal ceiling on how much employers could pay their w…

Jobs/Vacancies by nigerianewsfeed · 4 days ago · 0 comments · 15 views
FG approves N70,000 monthly transport support for workers for six months

…all levels for six months, beginning in November 2026, to cushion the impact of rising living costs. The approval was one of the resolutions reached at a conciliation meeting between the Federal Government and the leadership of the Nigeria Labour Congress in Abuja on Tuesday, following renewed pressure from organised l…

Travel by nigerianewsfeed · 4 days ago · 0 comments · 19 views
FG, Labour resume talks on wage, fuel price crisis

…with the government in 2023 and immediate wage awards to cushion workers against rising living costs. Other unresolved issues include the implementation of the February 5, 2026, terms of settlement involving the Joint Health Sector Unions and the Assembly of Healthcare Professionals. Labour is also seeking action on de…

Business by nigerianewsfeed · 5 days ago · 0 comments · 21 views
NLC vs FG: Danger of approving new minimum wage now

…its Independence Day statement to demand wage negotiations begin immediately amid rising living costs.

Jobs/Vacancies by nigerianewsfeed · 6 days ago · 0 comments · 16 views
NLC, TUC threaten nationwide action over unresolved demands

…at the rescheduled talks. The dispute comes amid continuing concerns over rising living costs, fuel prices, workers’ purchasing power and the implementation of wage-related agreements following recent economic reforms. Nigeria’s minimum wage was increased from ₦30,000 to ₦70,000 under the National Minimum Wage Act, 202…

Business by nigerianewsfeed · 10 days ago · 0 comments · 19 views
Dangote Cement drivers discuss safety, welfare at Ogun retreat

…Ibese plant. Participants considered issues affecting their work, including rising living costs, work-related expenses and delays in receiving drug-test results. The Group Managing Director of Dangote Cement, Arvind Pathak, said the company recognised the importance of listening to employees and supporting their welfar…

Business by nigerianewsfeed · 10 days ago · 0 comments · 20 views
Jollof rice cost drops 11.5%, households still struggle - Report

…in a decade, but millions of households still struggle with stagnant incomes and high living costs. SBM Intelligence, an Africa-focused research and consulting firm, disclosed this in its October 2026 Jollof Index report, released on Wednesday. According to the report, the average cost of preparing jollof rice fell by…

Agriculture by nigerianewsfeed · 10 days ago · 0 comments · 21 views
See how much Nigeria's pension assets are worth in 2026

…for retirement income.For workers approaching retirement and pensioners struggling with living costs, the changes promise relief from inadequate payments and uncertainty over when benefits will arrive.Speaking at the 2026 PenCom Media Conference in Abuja, the commission’s Director General, Omolola Oloworaran, said the…

Business by nigerianewsfeed · 18 days ago · 0 comments · 25 views
Subsidy removal exposed Nigeria's crude shortfall - Oyedele

…The removal, alongside changes to the foreign exchange market, has contributed to higher living costs, although the government has maintained that the reforms were necessary to avert a deeper economic crisis. Nigeria remains a major crude oil producer and is home to the Dangote Refinery, owned by businessman Aliko Dang…

Business by nigerianewsfeed · 22 days ago · 0 comments · 38 views
 We don’t have enough crude oil for Dangote – Oyedele

…would experience significant relief from the persistent rise in transportation and living costs. The initiative has also drawn reactions from opposition figures, who have questioned its timing and sustainability, arguing that a short-term price reduction may not address the underlying challenges in the downstream petro…

Business by nigerianewsfeed · 22 days ago · 0 comments · 22 views
"Greater opportunities for growth": South Korea plans new routes for students

…for international students to prove they have sufficient funds to cover tuition and living costs, provided those students meet set Korean-language standards.The announcement is part of a broader reform package that also covers a new gap-year visa option, easier rules around part-time work, and clearer pathways for grad…

Education by nigerianewsfeed · 23 days ago · 0 comments · 21 views
Pensioners hail NSITF MD over implementation of 23-year-old S'Court judgment

…financial relief to retirees at a time when many pensioners were facing increased living costs. “Sir, these actions are not only commendable but have demonstrated your good intention, integrity and fatherly disposition towards our senior citizens who served the nation diligently,” the pensioners said. According to the…

Crime by nigerianewsfeed · 24 days ago · 0 comments · 21 views
Overhaul security, cut food, transport costs – NSCIA to FG

…of food and transportation. The Council said the twin pressures of insecurity and rising living costs required faster and more effective government action, while acknowledging efforts to revamp the economy. The position was contained in a communiqué issued at the end of the NSCIA General Assembly in Abuja and signed by…

lifestyle by nigerianewsfeed · 24 days ago · 0 comments · 21 views
Find out more as Depots, retailers release new cooking gas prices nationwide

…N1,200 in Oyo.Cooking gas prices hit N1,600 per kg in Lagos as households face rising living costs. Photo: NurphotoImagesBy the time the product reaches retailers, those figures climb further.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Retail prices in Lagos reached about N1,600 per…

Business by nigerianewsfeed · 27 days ago · 0 comments · 20 views
“Stay with my sister or marry single mother?” – Nigerian man in UK cries out as visa deadline nears

…living with his sister since his arrival, an arrangement that has helped him keep his living costs low. ‘He Saves About £1,500 a Month’ The relationship expert revealed that the man now works full time and saves about £1,500 every month. “He now works full time and saves about £1,500 a month,” he wrote. However, the ma…

lifestyle by nigerianewsfeed · 1 mon ago · 0 comments · 20 views
UK explains rules for bereaved foreign nationals wanting to stay in the country

…no accommodation and cannot afford any, that they have housing but cannot meet basic living costs such as food or heating, or that their income is so low that paying the fee would negatively affect a child's wellbeing. Bank statements, payslips, and utility bills are among the forms of evidence accepted.One important c…

world-news by nigerianewsfeed · 1 mon ago · 0 comments · 25 views
Find out more as Nigerian bank promotes workers, 4 banks increase salary

…and salaries climbed by 27.49% to N1.05 trillion over the same period, driven by higher living costs and stronger demand for experienced talent across the financial services sector.Nigerian banks adjust workers salary amid rising cost of living. Photo: Nurphoto>The four banks collectively recorded N2.36 trillion in pro…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 24 views
FG seeks fresh $1.5bn World Bank loan

…and conflict, while noting that fuel subsidy removal and exchange-rate reforms worsened living costs in the short term. The third proposed $500m facility is for the Nigeria Early Childhood Development programme, with an estimated approval date of March 15, 2027, a day before the proposed HOPE-SP approval. Its technical…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 23 views
Atiku raises alarm over N70,000 minimum wage, says it buys 50 litres of petrol

…Nigeria's when converted at the same rates.Atiku acknowledged that wage structures and living costs vary between countries but maintained that the comparison still exposed how inadequate the current Nigerian floor wage is for workers facing today's prices.He also stressed that high petrol prices ripple through the wide…

General News by nigerianewsfeed · 1 mon ago · 0 comments · 21 views
“Minimum wage in Nigeria is ₦70k” – Isaac Fayose tackles Okpebholo over UK petrol comparison

…with some debating whether petrol prices should be considered alongside income and living costs. His remarks came after Okpebholo’s recent comments about the cost of petrol in the UK.. Watch the video below… View this post on Instagram %%SOCIAL_EMBED_0%%

Jobs/Vacancies by nigerianewsfeed · 1 mon ago · 0 comments · 27 views
Morning recap: States owe N5.3tn debt, INEC fears AI disinformation threat, other top stories

…of the 2027 elections. Federal workers are demanding a N300,000 minimum wage amid rising living costs, the House of Representatives is probing a suspected fake government agency linked to dozens of bank accounts and an alleged N400m transaction, while FCT Minister Nyesom Wike says a Tinubu defeat in 2027 could make him…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 31 views
North Is the biggest beneficiary of my economic reforms - Tinubu

…assessment, arguing that the economic policies have exacerbated poverty, inflation, and living costs across Northern communities. Conversely, the Northern Christian Association of Nigeria (CAN) endorsed the administration's progress, maintaining that President Tinubu's structural reforms and infrastructure distribution…

Politics by nigerianewsfeed · 1 mon ago · 0 comments · 32 views
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