The disengaged staff members of the Central Bank of Nigeria (CBN) have filed a lawsuit over their mass termination. The 33 former employees took the case before the National Industrial Court of Nigeria in Abuja, claiming several violations. The claimants, led by Okwudili Abanum in a class action, filed the originating summons on July 4,…
The Central Bank of Nigeria (CBN) clarified that the 1,000 staff members who exited in December 2024 did so voluntarily. According to CBN Governor Olayemi Cardoso, the departures occurred under the Early Exit Program, which offered full benefits to participants. Central Bank of Nigeria Implements Voluntary Early Exit Program Cardoso emphasized that the Early Exit…
The Debt Management Office (DMO) has affirmed that the Federal Government (FG) has made sufficient budgetary provisions for Nigeria’s debt obligations. This assurance covers both foreign and local debts, reflecting a commitment to financial stability and fiscal responsibility. DMO Highlights Debt Servicing Consistency The debt management office emphasized that Nigeria’s debt management aligns with relevant…
As Nigeria anticipates the New Year, prominent voices across various sectors are calling for urgent 2025 economic reforms. Key figures from manufacturing, academia, security, local government unions, and the Ijaw National Congress have come together to urge President Bola Tinubu to prioritize economic recovery. These sectors, affected by the challenges of 2024, are hopeful for…
