1 week ago LG autonomy: Govs block council chairmen from opening CBN accounts

The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen against opening an account with the Central Bank of Nigeria for the direct payment of their allocations from the Federation Account. The latest development represents yet another Read More

Politics

2 w. ago Consumer goods brace for recovery amid naira gains, inflation drop

Consumer goods are beginning to heave a sigh of relief as inflationary pressures are cooling and the Nigerian naira bouncing read more Consumer goods brace for recovery amid naira gains, inflation drop

Politics

3 w. ago Naira gains against dollar in official market, trades at N1,536.82

The Naira appreciated on Friday in the official market, trading at N1,536.82 to a dollar. Data from the Central Bank of Nigeria website showed that the Naira gained N1.84. This represents a 0.11 per cent increase compared to the N1,538.66 per dollar recorded on Thursday. The gain followed four days of slight depreciation between Monday Read More

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3 w. ago Naira ends week with N30 gain in black market as liquidity improves

The naira gained N30 in the black market at the end of the week, while it closed flat at the read more Naira ends week with N30 gain in black market as liquidity improves

Politics

3 w. ago NULGE’s new leadership: Ajaero warns governors against undermining LG autonomy

Tribune Online NULGE’s new leadership: Ajaero warns governors against undermining LG autonomy THE president of the Nigeria Labour Congress (NLC), Joe Ajaero, has warned state governments against undermining the implementation of a Supreme Court judgment mandating local governments to establish accounts with the Central Bank of Nigeria (CBN) in order to receive their allocations directly. Several months after the Supreme Court granted full financial autonomy to local […] NULGE’s new leadership: Ajaero warns governors against undermining LG autonomy Tribune Online

Events

3 w. ago Naira gains as CBN accounts for 39.85% of dollar inflows in NFEM

The naira on Monday appreciated in the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) accounted read more Naira gains as CBN accounts for 39.85% of dollar inflows in NFEM

Politics

3 w. ago Ajaero warns governors against undermining court order on LG autonomy

NULGE inaugurates new leadership From Adanna Nnamani, Abuja The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has issued a strong warning to state governments against undermining the implementation of a Supreme Court judgment mandating local governments to establish accounts with the Central Bank of Nigeria (CBN) in order to receive their allocations directly. […] The post Ajaero warns governors against undermining court order on LG autonomy appeared first on The Sun Nigeria.

Events

3 w. ago CBN Manages Project Account On Behalf Of OAGF, Witness Tells Court In Trial Of Ex

A staff of the Central Bank of Nigeria (CBN), Okoroafor Chinyere, who is also one of the witnesses in the trial of the former Minister of Power, Saleh Mamman, has told Justice James Omotosho of the Federal High Court, sitting in Abuja, that the apex bank managed the project account on behalf of the Office […]

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