CBN awards best farmers in Cross River
The Central Bank of Nigeria through its Agricultural Credit Guarantee Scheme Fund, ACGSF, has awarded the three best farmers who borrowed under the scheme and kept good records while repaying their loans as when due.
Banks’ borrowing from CBN falls 98% to N15bn
…CBN’s interest earnings drop 75% By Elizabeth Adegbesan MONEY MARKET In apparent reflection of the excess liquidity in the banking system, banks’ borrowing from the Central Bank of Nigeria (CBN) through the Standing Lending Facility (SLF) fell by 98 percent, year-on-year (YoY), to N15.95 billion in November 2020 from N662.44 billion in November 2019. Consequently, […]
ACF writes CBN over financial exclusion of the North
By Ibrahim HassanWuyo The Arewa Consultative Forum, ACF, has written to the Central Bank Governor complaining of the exclusion of the Northern Nigeria from critical aspects of the nation’s financial life. In the letter dated 29th January 2021 and signed by Chief Audu Ogbeh, the former Minister of Agriculture and Chairman of ACF, observed that […]
#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 […]
