33 h. 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

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40 h. 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

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49 h. 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.

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54 h. 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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2 w. ago Naira reverses gains, depreciates at official, parallel markets

In the past week, the naira reversed some of the gains it had made in recent times as it depreciated against the United States dollar at both the parallel and official markets. At the close of trading in the past week, the naira weakened by 1.66 per cent week-on-week, closing at 1,517.24/$ from 1,492.49/$ the Read More

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2 w. ago Nigeria’s GDP is growing, but is the economy truly progressing?

Nigeria’s economy appears to be turning a corner. GDP is rising, inflation is cooling, the naira is gaining ground, and read more Nigeria’s GDP is growing, but is the economy truly progressing?

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3 w. ago Naira defies pressure, ends February below N1,500 per dollar

Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the official market, indicating a 1.7 per cent m/m decline. According to the Afrinvest Monthly Market Report, the foreign reserve dipped by 3.2 per cent month-on-month. As of Thursday, it Read More

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3 w. ago ‘Impunity Will No Longer Be Tolerated’ – Wike Reacts To Supreme Court Ruling On Rivers Assembly Crisis

Nyesom Wike, Minister of the Federal Capital Territory (FCT), has hailed the Supreme Court’s decision affirming the legitimacy of the Rivers State House of Assembly led by Martin Amaewhule. The apex court also upheld a previous ruling barring the Central Bank of Nigeria (CBN) and the Accountant-General of the Federation from releasing statutory monthly allocations […] The post ‘Impunity Will No Longer Be Tolerated’ – Wike Reacts To Supreme Court Ruling On Rivers Assembly Crisis appeared first on Information Nigeria.

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3 w. ago BREAKING: Supreme Court Bars Disbursement Of Funds To Rivers

The Supreme Court has prohibited the Central Bank of Nigeria (CBN), the Accountant General of the Federation, and other agencies from disbursing funds to the Rivers State government until it rectifies what the court has termed a blatant disregard for court orders. In a judgement that lasted one hour and thirty-six minutes on Friday, Justice […]

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4 w. ago Naira gains against pound, euro, Canadian dollar since EFEMS

The naira has appreciated against the British pound sterling, euro, and Canadian dollar since the introduction of the Electronic Foreign read more Naira gains against pound, euro, Canadian dollar since EFEMS

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last month MPC’s rate pause: Gauging impact of naira gains amid cooling inflation

By Uche Usim The Central Bank of Nigeria’s (CBN) first Monetary Policy Committee (MPC) meeting of 2025 signaled a strategic shift in the nation’s economic trajectory. For the first time since May 2022, the committee decided to pause its aggressive rate hikes, showing confidence in a more stable economic outlook. The decision came on the […] The post MPC’s rate pause: Gauging impact of naira gains amid cooling inflation appeared first on The Sun Nigeria.

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