Food Security: Stakeholders offer opposing views on benefits of border re-opening
The Central Bank of Nigeria has in recent years come up with different programmes to grow the country’s agriculture and ensre food security in the country. One of such programmes is the Anchor Borrowers’ Programme.
Consumers ‘ll shun luxury items in next few months, says CBN
Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months. The Central Bank Of Nigeria (CBN) made this known in its Consumer Expectations Survey (CES) Report for December 2020, released by the Statistics Department of the apex bank on Tuesday in Abuja. According to the report, most consumers believed […]
CBN reports Q4 negative consumer expectations
The Central Bank of Nigeria (CBN) has reported a negative consumer expectations in its fourth quarter 2020 Consumer Expectations Survey (CES). The survey report stated: “Consumers’ overall outlook was negative in the current quarter, as consumers were pessimistic in their outlook. However, consumers have a positive outlook for the next quarter and the next 12 months.
SMEDAN seeks CBN License on Microfinance Bank For MSMEs
BY Victoria Ojeme The Director-General, SMEDAN, Dikko Radda Small and Medium Enterprise Development Agency of Nigeria has said that discussions are on with the Central Bank of Nigeria to establish a Microfinance Bank for the Micro, Small and Medium Enterprises. The Director-General, SMEDAN, Dikko Radda confirmed the development during a media briefing on Thursday in […]
Declining revenue raises FG’s deficit to N1.3trn in Q3’20
By Babajide Komolafe The Federal Government (FG) recorded a 42 percent shortfall in revenue collected in the third quarter 2020 (Q3’20) which resulted in deficit spending of N1.29 trillion during the quarter. The deficit spending recorded in the period represents a slight increase when compared with the N1.25 trillion recorded in Q2’20. Central Bank of […]
CBN threatens firms over diaspora remittances in local currency
The Central Bank of Nigeria (CBN) has directed payment switching and processing companies to stop local currency transfer of diaspora remittances received through International Money Transfer Operators (IMTOs), with a threat to revoke licences of defaulting firms.
