CBN’s COVID-19 STIMULUS PACKAGE: Analysts examine gains so far
*Forbearance on financial assets of banks By Emeka Anaeto, Business Editor By end of this week, the Nigerian economy would be completing its second month under an unprecedented stimulus regime. The businesses which are just wriggling out of a lockdown would have been fully or partially adjusted to a new normal in terms of the […]
Turning COVID-19 tragedy into opportunity for new Nigeria ― Emefiele
As many people are now aware, the outbreak of the Novel Coronavirus Disease (COVID–19) in China has rapidly permeated and profoundly changed the world. While this crisis is first and foremost a public health issue, which has claimed the lives of over 123,600 people worldwide, and counting, the economic damages are unprecedented on several fronts: […]
No fee charged on COVID-19 loan application — CBN
The Central Bank of Nigeria (CBN) says the bank does not charge any fee on the COVID-19 loan application as claimed in false reports circulated on social media. The CBN’s Director, Corporate Communications Department, Mr. Isaac Okorafor said this in a statement in Abuja on Monday. Okorafor explained that procedures for accessing the N50 billion […]
COVID-19: CBN’s policies boost strategic grain reserve
By Tiri Akanfe When President Muhammadu Buhari ordered the release of 70,000 metric tonnes of grains from the country’s National grains reserves to be shared among the poor and vulnerable people, following lockdown occasioned by coronavirus pandemic, my mind raced to the days when the country depended on food importation for survival, until the President […]
Anti-smuggling: CBN, DSS collaborate on economic diversification
Central Bank of Nigeria (CBN) has in conjunction with Department of State Security (DSS initiated an anti-smuggling drive in a bid to ensure the success of Federal Government’s diversification of Nigeria’s economy from oil to agriculture,
COVID’19: CBN alerts Nigerians on cyber attack
The Central Bank of Nigeria (CBN), yesterday said that cyber criminals are taking advantage of the Coronavirus (COVID’19) pandemic to defraud Nigerian citizens.
