SMEs Archives – News Round The Clock https://newsroundtheclock.com/tag/smes/ NRTC is your one-stop hub for rich and reliable news content in Nigeria and from around the world. Wed, 07 Aug 2024 13:56:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://i0.wp.com/newsroundtheclock.com/wp-content/uploads/2025/02/cropped-android-chrome-512x5125472541119874617532-1.png?fit=32%2C32&quality=100&ssl=1 SMEs Archives – News Round The Clock https://newsroundtheclock.com/tag/smes/ 32 32 176834650 Small businesses face existential threat over inability to pay N70,000 minimum wage to staff https://newsroundtheclock.com/small-businesses-face-existential-threat-over-inability-to-pay-n70000-minimum-wage-to-staff/?utm_source=rss&utm_medium=rss&utm_campaign=small-businesses-face-existential-threat-over-inability-to-pay-n70000-minimum-wage-to-staff Wed, 07 Aug 2024 13:56:20 +0000 https://newsroundtheclock.com/?p=62637 minimum wage negotiations

The recent approval of a N70,000 minimum wage by President Bola Tinubu has sparked concerns among small business operators, who claim they cannot afford to pay their employees the new wage. This development threatens the survival of millions of small-scale businesses, which are the backbone of Nigeria’s economy. According to the National Bureau of Statistics, […]

The post Small businesses face existential threat over inability to pay N70,000 minimum wage to staff appeared first on News Round The Clock.

]]> 62637