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 […]
#EndSARS promoters: CBN should stop freezing bank accounts of activists — Falana
…Strikes out CBN’s suit …It’s not over yet, CSOs warn FG …As CAN says freezing of the accounts uncalled for, Nigeria can’t nurture democracy by stifling freedom of expression By Ikechukwu Nnochiri & Luminous Jannamike The Federal High Court sitting in Abuja yesterday vacated an order it made on November 4, 2020, which directed banks […]
Foreign trade rises 3% to $7.7bn in November — CBN
…Trade deficit falls 5.02% By Elizabeth Adegbesan Nigeria’s foreign trade rose Month-on-Month (M-o-M) by three per cent to $7.76 billion in November 2020 from $7.53 billion in October 2020. The slight increase in trade was driven by a six per cent increase in exports, which exceeded the 1.2 per cent growth in imports. Consequently, the […]
Cryptocurrency: Regulate not ban, experts advise CBN
The Central Bank of Nigeria, CBN, have been advised that the better approach to deriving the benefits the cryptocurrency market in Nigeria offers is to regulate not a ban. The was the submission of Senator Ihenyan, President of Stakeholders in Blockchain Association of Nigeria (SiBAN), during a chat with newsmen. Ihenyan disclosed that the association […]
Why court ordered banks to unfreeze accounts of 20 alleged #EndSARS promoters
The Federal High Court sitting in Abuja, on Wednesday, vacated an order is made on November 4, 2020, which directed banks to freeze accounts that were linked to 20 alleged promoters of the #EndSARS protest that rocked the nation last year.
Financial experts laud CBN’s ban on cryptocurrency
Some financial experts on Wednesday in Ibadan, Oyo State, lauded the ban placed on Cryptocurrencies in Nigeria by the Central Bank of Nigeria (CBN). They told the News Agency of Nigeria (NAN) that the move was necessary considering nefarious activities that could be carried out under the guise of secrecy that shrouds cryptocurrencies. Mr Tunji […]
