Last leg of the race<\/strong><\/p>\nThe last quarter of the year started off on a bad note with the naira trading at \u20a61,700\/$ (as of September 30) in the parallel market. This marks a return to levels last seen in February 2024. Moreso, Nigeria\u2019s unemployment rate climbed to 5.3% in Q1’24 from 5% in Q3\u201923 amid talks of an increase in the minimum wage. On September 25, the National Youth Service Corps (NYSC) announced a 133% increase in corps members\u2019 monthly allowance to \u20a677,000 from \u20a633,000. This is of great importance given that Nigeria\u2019s population is characteristically youthful (70% of the total population). Consequently, about 30 million individuals are set to benefit from the recent increase in monthly allowances, given that approximately\u00a020% of Nigerian youths\u00a0are eligible to enroll in the NYSC program.<\/p>\n
In all of this, inflation remains a pressing concern, despite its second consecutive monthly decline to 32.15% in August. This figure represents the lowest level in six months; however, risks remain elevated.<\/p>\n
This edition of the Unity Bank Digest provides a comprehensive analysis of these economic trends and engaging lifestyle and entertainment stories for your reading pleasure.<\/p>\n
Enjoy your read![\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber, Believe it, achieve it Days pass by like the wind, and individuals often face endless distractions. In the…<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,35],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122127"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=122127"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122127\/revisions"}],"predecessor-version":[{"id":122128,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122127\/revisions\/122128"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=122127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=122127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=122127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}