Posts by category: Economy

Joe Ajaero, leader of the Nigeria Labour Congress (NLC), opposes the recent petrol price increase, linking it to the rapid reduction in the value of the newly approved N70,000 minimum wage. With petrol now over N1,000 per litre in major cities, Ajaero argues that the hike undermines the significance of the wage increase previously calculated at a lower fuel cost. The NLC will convene soon to plan a response to this economic development, while implementation delays continue in the proposed wage adjustment.

Maine launches a pilot rent relief program offering up to $800 monthly to tenants facing eviction risks. Part of the Eviction Diversion Program, it aims to aid those in financial hardship, preventing homelessness. Eligible Mainers are urged to apply promptly due to limited funds and first-come, first-served processing.

Motorists across South Africa will benefit from a decrease in fuel prices starting in September. This reduction, part of regular price reviews that consider global oil prices and exchange rates, aims to ease the financial burden on consumers. The move is expected to save money at petrol stations, contributing to the country's broader efforts to stabilize fuel costs.