Updated: Currency processing firms must have N3bn capital to get national licence — CBN
The Central Bank of Nigeria (CBN) has said that Currency Processing Companies (CPCs) must have a minimum capital of N3 billion to obtain get a license to operate nationwide.
Investors anticipate further decline in TB rates as CBN sells N122bn
The decline in yields on treasury bills (TB) which commenced last month is expected to persist this week when the Central Bank of Nigeria (CBN) sells N122 billion worth of fresh bills.
Why Oyo is spending CBN’s N7.6bn loan on farm settlements — Makinde
‘I stopped previous govt from squandering loan’ The Oyo State governor, Seyi Makinde, has explained why his administration is spending the Central Bank of Nigeria’s (CBN) N7.6 billion loan on farm settlements. The Government of Oyo State said it observed certain misinformation, misconception and outright mischief in the interpretations being given to the N7.6 billion […]
IMF advises Nigeria on reducing vulnerabilities, boosting growth
Emma Ujah – Abuja The International Monetary Fund (IMF) has advised the federal government to take action on a coherent and coordinated set of policies to urgently reduce vulnerabilities and increase growth over the medium term. The advice was contained in the report of IMF staff visit led by Amine Mati, Senior Resident Representative and […]
Key into CBN’s AADS, FG tells state governments
FEDERAL Ministry of Budget and National Planning, yesterday urged State Governments to key into the Central Bank of Nigeria, CBN Accelerated Agriculture Development Scheme AADS as part of the effort towards the diversification of the country’s economy through agriculture.
CBN’s sanction on 12 banks takes toll on equities market
THE sanction imposed by the Central Bank of Nigeria, CBN, on 12 banks last week heightened the bearish sentiment in the equities market, leading to 2.5 percent decline during the week.
