Manufacturing sector contracts further by 4.7 points — CBN
By Elizabeth Adegbesan THE nation’s manufacturing sector has recorded further decline as the sustained Central Bank of Nigeria, CBN, latest sector report shows the Manufacturing Purchasing Managers Index (PMI) for January 2021 at 44.9 index points, a 4.7 points drop from 49.6 index points recorded in December 2020. Similarly, the non-manufacturing PMI fell by 2.4 […]
CBN disburses N85bn as credit support to 80 health projects, says Director
The CBN says it has disbursed over N85 billion to no fewer than 80 projects, under its Healthcare Credit Support scheme, the bank’s Director of Development Finance, Mr Yila Yusuf, has announced In an interview with News Agency of Nigeria (NAN) on Wednesday, in Abuja, Yusuf said that the projects cut across medical, pharmaceutical, herbal and […]
CBN invests N85.9bn in health sector
…Disburses N253.5m to COVID-19 vaccines researchers …As SGF says Nigeria must mass produce vaccines …CACOVID donates incinerator, 260 oxygen cylinder to LASG By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria, CBN, has spent the sum of N85.89 billion on its Health Sector Intervention Facility (HSIF). CBN governor, Mr. Godwin Emefiele, disclosed this, […]
$25bn CBN overdraft: SERAP writes Buhari, seeks spending details of overdrafts since 1999
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “provide spending details of the overdrafts and loans obtained from the Central Bank of Nigeria (CBN) by the Federal Government since May 29, 2015 including the total overdrafts, the projects on which the overdrafts have been spent; repayment of all overdrafts to date, […]
CBN introduces N5 incentive per dollar for diaspora remittances
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances.
P&G, Colori, sign local production Contract, CBN to Promote Local Manufacturing
…To commence local production of Oral B Products To further strengthen its commitment towards localization of production in Nigeria, leading Consumer Goods Company in Nigeria, Procter & Gamble (P&G) has partnered with Colori for the local production of its Oral Care products, OralB. This partnership represents a new investment of $35Million dollars, consolidated with a […]
