May 2024

New minimum wage and the informal sector

The Minimum Wage Act of 2019 signed by former President Muhammadu Buhari set the amount at N30,000. Five years later, not all governors are paying the current wage award which expired in April. The Act is to be reviewed every…

JAIZ Bank grows profit by 67%

Jaiz Bank Plc grew its profit before tax by 67 percent to N11.1bn in 2023. The bank disclosed this in a statement on Monday as it filed its 2023 audited results on the Nigeria Exchange Limited portal. Jaiz Bank is…