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JP Morgan’s estimate of Nigeria’s net FX reserves ‘misleading’- CBN

The Central Bank of Nigeria (CBN) says the recent estimate of the country’s foreign exchange (FX) reserves by JP Morgan was presented “out of context”.Hassan Mahmud, director of monetary policy department, CBN, spoke when he featured on Moneyline with Nancy, a programme on Africa Independent Television (AIT), on Wednesday.Earlier this

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NLC Threatens to Pull out Of National Housing Fund scheme

The Nigeria Labour Congress (NLC) has threatened to pull out workers from the National Housing Fund (NHF) contributory scheme because of the non-remittance of deductions made by the Federal Mortgage Bank of Nigeria (FMBN).NLC president, Comrade Joe Ajaero, issued the threat yesterday in a presentation before the House of Representatives

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Tribunal Dismisses Petition Against Reps’ Deputy Speaker Kalu

Nonso Kalu, UmuahiaNational Assembly Election Petitions Tribunal sitting in Umuahia, Abia State has dismissed a petition challenging the election of the Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu.In his ruling, Justice Samson Paul-Gang, who led the three-member panel yesterday, dismissed the petition by the Labour Party (LP)

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