The Central bank is pleased that it’s monetary policy tightening appears to be yielding results in view of consecutive slowing of monthly inflation rates The Central Bank of Nigeria (CBN) has expressed delight at the consecutive reduction in monthly inflation rates. A statement by the communications department of the apex bank weekend said year-on-year inflation slowed in May for 13 Nigerian states, including the Federal Capital Territory (FCT) Abuja, Akwa Ibom, Borno, Cross River, Delta,...
The CBN dialogue with the NESG was convened to effectively consider strategies to strengthen the apex bank’s recent monetary policies The Central Bank of Nigeria (CBN) has hosted a dialogue with the Organised Private Sector (OPS) and the apex bank’s leadership to explore strategies for enhancing Nigeria’s financial sector, especially recent monetary policies. The dialogue, which was held at the bank’s Lagos office during the week, focused on exploring how broad-based monetary policy communication and...
The Nigerian National Assembly is a bicameral legislature established under section 4 of the 1999 Constitution (as amended) consisting of the Senate and House of Representatives. The Nigerian Parliament, right from its inception, has seen significant and historical advancements that can be traced back to the colonial and post-colonial times. Run through history… Nigeria’s colonial legacy is the background to the current system of presidentialism in Nigeria. Over time, the legislature in Nigeria has transformed...
While the GIFT cluster appreciates the milestone achieved on the fiscal bill, it’s looks forward to its passage and eventual assent by President Tinubu A coalition of Civil Society Organizations (CSOs) under the banner of the Growth Initiative for Transparency (GIFT) has called on both the House of Representatives and the Senate to expedite the legislative process to amend the Fiscal Responsibility Act (FRA), 2007. The CSOs who made this call in a statement on...
“I never knew anything about such transactions. Rather I moved a motion of national importance, something I feel because of my interest in the country Nigeria and not for any personal interest.” – Rep. Okafor The above words are excerpts from the statement made by Rep. Dominic Okafor after he was purported to have demanded a 140 million dollars bribe from Binance executives in the ongoing investigation of the cryptocurrency trading platform. The bribe claim…...
Caught between political allegiance and filial loyalty, Mohammed Bello El-Rufai is left fiddling and fidgeting in cryptic utterances that betray the deep dilemma the House of Representatives’ member is in. Here’s a backstory into the unfolding political thriller in Kaduna State. The Kaduna House of Assembly is stomping strong on the back of the immediate past governor of the State, Nasir Ahmad El-Rufai, who governed from 2015 to 2023. During the week, the assembly released...
The apex bank said reports trailing the revocation of the license of Heritage bank were untrue and assured that the Nigerian financial system remains safe, sound and resilient The Central Bank of Nigeria (CBN) has dismissed reports suggesting a plan to revoke the licenses of three additional banks following its regulatory action against Heritage Bank Plc on Monday, June 3, 2024. Acting Director of Corporate Communications of the apex bank, Mrs. Hakama Sidi-Ali, revealed this...
The vitriolic language of Bayo Onanuga, President Tinubu’s media aide, against the Nigeria Labour Congress (NLC) has attracted a right of reply from Anthony Ubani, who lambasts him for a distasteful reference to military rule in disagreeing with a civil protest The arrogance, insensitivity and total lack of democratic reflex of the Tinubu administration and its eagerness to constrict civic spaces has been further evidenced by the indecorous and intolerant language used against organized labour,...
83 CSOs on the 2024 National Day of Mourning demanded that the federal government uphold Section 14(2)(b) CFRN 1999 (as amended) which states that “The security and welfare of the people shall be the primary purpose of the government.” OrderPaper Advocacy Initiative and a coalition of 82 other Civil Society Organizations (CSOs) have issued a strong call to the Nigerian government to account for the missing and the dead, and ensure justice for victims of...
With unemployment rates increasing by over 5 per cent, the National Assembly resumed plenary for the week of May 13th to 17th, 2024, to GESI activities centred on reducing unemployment through applying gender-sensitive policies and targeted job creation initiatives. This also extended to addressing the ills of casual labour. Bringing structure to casualised labour Casual labourers in Nigeria often face challenges like uncertain job security, as their work is temporary and can end suddenly. They...
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