Tag: CBN
Nigeria’s foreign exchange reserves have climbed to a six-month high of $44.14bn, according to data from the Central Bank of Nigeria on Thursday showed. The figure implies that the the external reserves have gained over ...
Some financial experts have expressed divergent views on the likely effects of the reduction of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria. While some said the rare reduction by 0.5 per ...
No fewer than 525 farmers in Imo State will benefit from agricultural inputs distribution under the Central Bank of Nigeria (CBN’s) Anchor Borrowers’ Programme for the 2019 wet season farming. The benefitting farmers would be ...
The Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil. Emefiele said this at a stakeholders’ meeting ...
The Kaduna State Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA) says increasing cotton farming is the first step towards reviving local textile companies in the country. The Director-General of KADCCIMA, Alhaji Usman Saulawa said ...
Prof. Olusegun Ajibola, former president, Chartered Institute Bankers of Nigeria (CIBN), has lauded the CBN for establishing the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) for Small and Medium Enterprises (SMEs). The ex-CIBN ...
The Naira on Thursday appreciated against the dollar at the import and export (I&E) window in Lagos, exchanging at N360.99 to the dollar from the N361.18 it traded on Wednesday. The News Agency of Nigeria ...
Nigeria’s foreign exchange reserves is at a two-month low of $42.86bn, according to the latest data from the Central Bank of Nigeria. The reserves, which was at $43.174bn on January 31, dropped by $314m in ...
Economic analysts have warned that the postponement of elections by a week can lead to business slowdown that will cost the nation about $10 billion. The Director-General of Lagos Chamber of Commerce and Industry (LCCI), ...
Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has identified factors that kept the naira immune from election spendings. Gwadabe told the News Agency of Nigeria (NAN) on Friday in Lagos ...
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