The Central Bank of Nigeria (CBN), Minna, has taken delivery of all sensitive materials for the rescheduled Presidential and National Assembly elections in the 25 Local Government Areas of the state.

THE Ekiti State police command, yesterday, assured of a water-tight security around the Central Bank of Nigeria, CBN, Ado Ekiti branch where sensitive election materials retrieved following the postponement of elections, last Saturday, are deposited.

HOURS after Independent National Electoral Commission, INEC, officially postponed Saturday’s elections, the commission’s office in Port Harcourt and that of the Central Bank of Nigeria, CBN, remain cordoned by heavy joint military and police teams.

THE Central Bank of Nigeria (CBN) has relaxed the time limit for commercial banks to absorb impairments from implementation of IFRS9 rules on bad loans.

THE subject of the narrative, in this column, last week, was the $7bn which Festus Odoko, former CBN Corporate Affairs Director, confirmed had been deposited with 14 Nigerian banks in October 2006. It is not clear how many banks, actually, succeeded in raising the mandatory capital base of N25bn, and the additional N35bn steep threshold, required to manage part of Nigeria’s foreign reserves; nevertheless, on hindsight, CBN may have quietly dropped this clearly ambitious requirement, so as to pursue its declared agenda.

THE Central Bank of Nigeria, CBN, is set to intensify its liquidity mop up efforts to deal with excess liquidity of N1.6 trillion expected in the interbank money market this month, amidst rising business confidence over improved macroeconomic conditions during the month.

India’s central bank, on Thursday, unexpectedly lowered interest rates and, as anticipated, shifted its stance to “neutral” from “calibrated tightening” to boost a slowing economy after a sharp fall in the inflation rate.

Nigeria is set to achieve self sufficiency in tomato production in the next one year following the attainment of daily production of one million tomato nurseries.

The National Collateral Registry has assisted over 154,000 Micro, Small and Medium Enterprises (MSMEs) to access N1.2 trillion loans from 628 financial institutions.

Kano—The Central Bank of Nigeria, CBN; Dangote Group of Companies and Kano State government are partnering to localise the production of tomatoes in Nigeria and discourage importation of the product.