CBN boosts forex supply with $389 million
The Central Bank of Nigeria (CBN) yesterday injected a total sum of $388.66 million to the retail segment of the interbank window of the foreign exchange market.
Delta’ll soon be major exporter of rice in the world—CBN
SATISFIED with the commitment of rice farmers in the State, the Central Bank of Nigeria, CBN, has expressed optimism that Delta State would soon major exporter of rice in the world.
CBN raises limit on banks’ foreign loans by 66%
By Babajide Komolafe LAGOS— The Central Bank of Nigeria, CBN, yesterday, raised the limit on banks’ foreign currency loans, including Eurobonds, to 125 per cent of shareholders’ funds. This represents 66 per cent increase when compared with the 75 per cent limit introduced in 2014. The CBN also imposed a five-year limit on maturity on […]
Manufacturers urge CBN to raise special window allocation to SMEs to $100,000
Sango-Ota—Chairman, Manufacturers Association of Nigeria, MAN, in Ogun State, Mr Wale Adegbite has advised the Central Bank of Nigeria, CBN, to increase the special window given to SMEs in the country from $20,000 to $100,000 quarterly.
CBN builds entrepreneural centre at MOUAU to encourage students to learn trade and develop skills
UMUAHIA-IN a bid to ensure that its graduates learn trades different from their programmes of study, the management of Michael Okpara Univerity of Agriculture has pledged to make maximum use of the multi-million naira Centre for Entrepreneurship Development block built for them by the Central Bank of Nigeria.
$17bn undeclared crude: House c’ttee walks out CBN, NPDC, DPR officials
ABUJA —The House of Representatives Adhoc Committee on $17 billion stolen from undeclared crude oil and liquefied natural gas from Nigeria, yesterday, walked out officials of Central Bank of Nigeria, CBN; National Petroleum Development Corporation, NPDC, and Department of Petroleum Resources, DPR, as they were declared incompetent to speak on behalf of their principals on issue at stake
