By Ike Uchechukwu About 500 youths and women in Cross River have been selected to undergo an entrepreneurial development training in the state after which they will receive up to N10 million each to start up or expand their businesses. The initiative which is a partnership between the Central Bank of Nigeria through the Agro […]

…Introduces Product Price Verification Mechanism By Emma Ujah The Central Bank of Nigeria, CBN,  has moved against unscrupulous Nigerians and corporate, who abuse the Form M system through over-pricing as it introduces Product Price Verification Mechanism (PPVM). It has, therefore, directed authorised dealers to use the PPVM to verify quoted prices of goods and services […]

The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the service of the bank, effective August 31, 2020, having successfully completed his second two-year tenure at the helm of the bank. In a farewell message to the staff of the bank, Abiru explained that having served in […]

The Central Bank of Nigeria (CBN) disbursed lower denomination banknotes worth N237.14 billion to microfinance banks (mfbs), merchants, shopping malls, market associations among others in 2019, to increase the circulation of such notes in the country.

Financial experts on Tuesday expressed concerns on the country’s rising inflation rate currently at 12.82 per cent, and called for stabilisation of the exchange rate.

At the backdrop of increasing professionalization of cash management services in the Nigerian financial sector, a leading operator in the cash services sub-sector has called for the enforcement of the regulatory provisions to enable growth and efficiency.

CHI Limited has keyed into the Central Bank of Nigeria, CBN’s backward integration policy by partnering with the Niger State to invest in massive infrastructural development, upgrade of the existing and construction of new facilities at the Bobi Grazing Reserve, a pilot grazing reserve in Maringa Local Government, Niger State, and North-Central Nigeria. 

Reactions to the recent directives by the  Federal Government, through the Central Bank of Nigeria (CBN), banning importers of maize from accessing forex from the apex bank, have not abated.

By Gabriel Ewepu – Abuja The Presidential Artisanal Gold Mining Development Initiative, PAGMI, has assured that Central Bank of Nigeria’s purchase of locally produced gold will boost the nation’s foreign reserves. This was made known in a statement signed by the Secretary, PAGMI, Hajiya Fatima Shinkafi. According to the statement gold produced by artisanal and […]

The Programme Director of the Lagos Business School Agribusiness programme, Dr Ikechukwu Kelikume, has said that the recent directive by the Central Bank of Nigeria banning the importation of maize could reverse the gains of the apex bank’s other interventions in agriculture.

A Central Bank of Nigeria (CBN) survey has shown that firms are optimistic in their outlook on the economy in August with a confidence index of 33.7, away from negative outlook of -7.9 index points they expressed on the economy in July.

THE Central Bank of Nigeria, CBN, yesterday, re-assigned two companies as Pre-Shipment Inspection Agents (PIA) for non-oil exports in the northern and south-western parts of the country.

CHI Limited has keyed into the Central Bank of Nigeria, CBN’s backward integration policy by partnering with the Niger State to invest in massive infrastructural development, upgrade of the existing and construction of new facilities at the Bobi Grazing Reserve, a pilot grazing reserve in Maringa Local Government, Niger State, and North-Central Nigeria.

Banks’ borrowings from the Central Bank of Nigeria (CBN) Standing Lending Facility rose quarter-on-quarter, QoQ, by 75 percent to N1.8 trillion in the first quarter of the year (Q1’20) from N1.3 trillion in the preceding quarter, Q4’19.

As foreign reserves dips further By Emeka Anaeto Nigeria’s external reserves have recorded a steady decline since its last peak on June 03, 2020, settling at $36.12 billion, down from $36.58 billion amidst the sustained demand pressures in all the segments of the nation’s foreign exchange market. The reserves started in second half 2020 (H2’20) […]