NewsBreakNigeria
USD/NGN 1,327.68 ▾0.1%GBP/NGN 1,753.58 ▾0.5%USD/NGN black market ₦1,384GBP/NGN black market ₦1,876EUR/NGN 1,496.30 ▾0.7%JPY/NGN 8.41 ▾0.5%CAD/NGN 932.85 ▾0.2%
USD/NGN 1,327.68 ▾0.1%GBP/NGN 1,753.58 ▾0.5%USD/NGN black market ₦1,384GBP/NGN black market ₦1,876EUR/NGN 1,496.30 ▾0.7%JPY/NGN 8.41 ▾0.5%CAD/NGN 932.85 ▾0.2%

Nigeria’s N500,000 wage demand exposes why pay raises keep losing value

Every minimum wage settlement in Nigeria gives workers a bigger nominal pay packet, but inflation and a weaker naira have read more Nigeria’s N500,000 wage demand exposes why pay raises keep losing value

Aggregated · originally by BusinessDay
25 Sept 2026, 09:03 WAT · 3 min read
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Nigeria’s N500,000 wage demand exposes why pay raises keep losing value

Every minimum wage settlement in Nigeria gives workers a bigger nominal pay packet, but inflation and a weaker naira have read more Nigeria’s N500,000 wage demand exposes why pay raises keep losing value