Proposed N497K: Timeline of monthly minimum wage in Nigeria (1981 to present)

a photo to express the monthly minimum wage paid to workers

Organised labour led by the Nigerian Labour Congress (NLC) and the Trade Union Congress recently proposed a N615,000 living wage demand, which they later reduced to N497,000. However, the Federal Government slashed the labour demand by more than 92%, by pushing forward N48,000 per month. The government later jagged it up to N57,000. While the government … Read more

Credit Life Insurance and how it works

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Credit life insurance is a very unique form of life insurance that will settle the outstanding debts of a borrower in the event of the death of the policyholder. This policy ensures that you don’t leave debt for your loved ones. You don’t want your loved ones to inherit your debts. This specialized policy is beneficial … Read more

How Does Disability Insurance Work?

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Disability insurance is a form of insurance policy that offers income if a person gets sick or has any form of disability that prevents them from working. If the policyholder, who was agile, working, and earning income before, but can’t work again due to having a physical or mental disability, then the insurance pays part … Read more

NELFUND: How to apply for student loan and everything you need to know

Nigerian Education Loan Fund (NELFUND) opened its portal for application on Friday, May 24, 2024, after several amendments to the Access to Higher Education law establishing it. The application process is divided into segments, you will have to start by creating an account by clicking on “GET STARTED” to fill in the questions, move on … Read more