Category : Search result: CBN intervention funds


SERAP Sues INEC Over N55.9bn Missing Funds

SERAP drags INEC to court, demanding accountability for N55.9 billion allegedly mismanaged in 2019 election procurement. Read the full details of the lawsuit.

Jersey Returns $9.5m Looted Funds to Nigeria

Nigeria recovers over $9.5 million in looted assets from Jersey. The funds, forfeited by a court, will be used to complete the vital Abuja-Kano Road project. Read more.

Kaduna Farmers Seek FG Help Over N10.16bn Loss

Over 2,143 Kaduna grain farmers appeal to the Federal Government for subsidised inputs after a devastating N10.16 billion loss in 2025. Read their urgent plea to avert a food security crisis.

Naira Bullish Despite 21% Drop in FX Inflows

The Nigerian naira begins 2026 on a strong note, appreciating at the official window despite a sharp 20.67% decline in dollar inflows. Discover how local sources and CBN interventions are cushioning the market.

Naira Gains in 2026 as CBN Injects $7.5bn Into Market

The Nigerian naira appreciates to N1,430.84 per dollar, marking a strong start to 2026. Analysts credit CBN's $7.5 billion intervention and reforms for reduced volatility and project continued stability.

NASS to Empower Tinubu Against LGA Fund Looting

Senator Sunday Karimi says the National Assembly will enact laws to enforce Supreme Court's LGA autonomy ruling and prosecute governors siphoning funds. Read the full story.

Naira Gains Against Dollar, Experts Predict 2026 Rate

The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.

US Appeals Harvard Funding Ruling in Legal Battle

The Trump administration appeals a court order to release $2.7 billion in frozen research funds to Harvard University. Get the latest on this major legal and education funding battle.

Anambra Auditor-General Raises Alarm Over N750m

Anambra's Auditor-General reveals N750 million is unaccounted for in 2024, an improvement from N2.5bn in 2023. Experts call for transparency and citizen engagement to curb corruption.

Tinubu to Governors: Release LG Funds for Autonomy

President Bola Tinubu has called on Nigeria's 36 governors to comply with the Supreme Court judgment by handing over local government allocations. He insists true autonomy depends on it.

Fubara: ₦600bn in Rivers Coffers After Emergency Rule

Governor Siminalayi Fubara reveals he met over ₦600 billion in Rivers State's treasury after emergency rule, defending his administration's transparent spending. Read details of the executive-legislature tension.

Naira Rate Gap Widens as Dollar Demand Rises

The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.

Page 1 of 4