An Agro-based Non-Governmental Organisation, Stocks and Minas Agricultural Advocacy Network Africa (SMAANA) in collaboration with the Central Bank of Nigeria (CBN) on Saturday inaugurated a 10,000 hectares oil-palm plantation in Kogi. Mr Joseph Idoko, President of the NGO while inaugurating the plantation in Amaka, Igala-Mela/Odolu Local Government Area of the state, said the initiative was […]

An economist, Mr Moses Igbrude, has advised the Central Bank of Nigeria (CBN) to enhance domestic capacity to hedge the rising inflation.

The Central Bank of Nigeria (CBN) has threatened to suspend accounts of corporate entities and supply chain enablers involved in smuggling palm oil and its products into the country.

Central Bank of Nigeria, CBN, has expressed worry on how housing projects in the country favour the upper class alone; leaving the lower class that it said has more need for shelter in desolation. The apex bank is also worried that whereas there is a burgeoning demand for affordable housing in Nigeria, the existing intervention […]

By Tordue Salem The House of Representatives has raised a panel to probe an alleged non-remittance of N1.343 trillion Internally Generated Revenue (IGR) to the Consolidated Revenue Account by the Petroleum Products Pricing Regulatory Agency (PPPRA). Two members of the House, Reps. Ossai Nicholas Ossai (PDP-Delta) and Julius Ihonvbere (APC-Edo), sought the probe, through a […]

CENTRAL Bank of Nigeria, CBN, has expressed worry on how housing projects in the country favour the upper class alone; leaving the lower class that it said has more need for shelter in desolation.

…Urges banks to tackle constraints to digital finance By Babajide Komolafe Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele yesterday said that over $60 billion has been traded in the Investors and Exporters (I&E) window segment of the foreign exchange market since it’s inception in April  2017. Emefiele disclosed this in his opening address at […]

By Michael Eboh Nigeria’s earnings from the oil and gas industry declined by 2.62 per cent to N3.973 trillion in the first nine months of the year, from January to September 2019, according to data obtained from the Central Bank of Nigeria, CBN. The CBN, in its Economic Report for the Third Quarter of 2019, […]

Mr Kofo-Abdulsalam Alada, the Director, Consumer Protection Department (CPD) of CBN, said this at a workshop for business editors and members of the Finance Correspondents Association of Nigeria (FICAN), on Thursday in Yola. Alada, represented by Mr. Tyoden Nanfwang of the CPD, said the refund from several banks arose from various financial related complaints. READ […]

The Central Bank of Nigeria (CBN) said it will increase the minimum Loan to Deposit Ratio (LDR) of banks to 70 percent by 2020.

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.

By Babajide Komolafe The Central Bank of Nigeria will increase banks’ Loan to Deposit Ratio (LDR) to 70% by 2020. CBN Deputy Director, Financial Policy & Regulation Department, Mr Hassan Mahmoud, disclosed this while speaking at the 2019 workshop for Finance Correspondents and Business Editors organised by the Nigeria Deposit Insurance Corporation (NDIC) in Yola, […]

The Niger State chapter of Rice Farmers Association of Nigeria (RIFAN) on Saturday said that it had recovered N35 million Federal Government’s Anchor Borrowers Programme (ABP) loan from its members in the state. Alhaji Idris Abini, RIFAN’s state chairman made the dislosure in an interview with News Agency of Nigeria (NAN) in Minna. READ ALSO: […]

Affirms the B2 ratings Moody’s Investors Service (“Moody’s) has today changed the outlook on the government of Nigeria’s ratings to negative from stable. Concurrently, Moody’s has affirmed the B2 long-term local and foreign currency issuer ratings, the B2 foreign currency senior unsecured ratings, and the (P)B2 foreign currency senior unsecured MTN programme rating. The new […]

The Central Bank of Nigeria (CBN)  said its interventions in key products had saved the country N1.3 trillion import bill. The CBN Deputy Governor, Corporate Services, Mr Edward Adamu made this known at the ongoing 28th Seminar for Finance Correspondents and Business Editors in Owerri on Tuesday. The theme of the seminar is “Galvanising Development […]