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Forex intervention: CBN injects $325.5m into retail market

CBN, banks, loans

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the Retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short-tenured forwards segment of the inter-bank foreign market.

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NDIC

Microfinance Banks are safe, patronise them —NDIC

The Nigeria Deposit Insurance Corporation (NDIC), has advised depositors to patronise the existing Microfinance Banks (MFBs) in the country, saying they are safe for operations. The Managing Director of NDIC, Alhaji Umaru Ibrahim, represented by Dr. Sunday Oluyemi, the Director, Communication and Public Affairs, said this while fielding questions from newsmen at a news conference
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Kwara Assembly Approves N130,380,403,956 Revised Budget For the State

Kwara gov. calls for urgent diversification of Nigerian economy

…says Nigeria must look beyond oil Kwara State Governor AbdulRahman AbdulRazaq on Wednesday called for urgent diversification of the Nigerian economy to lessen national reliance on crude oil, saying the country must invest in agriculture and small and medium scale enterprises. “The theme of your study tour —Economic Diversification and National Development in Nigeria —is
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