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 backs FG’s plan to increase VAT, says Nigeria has lowest
Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says the plan to increase Value Added Tax (VAT) from five per cent to 7.5 per cent is in the right direction to raise country’s revenue. Emefiele stated this while fielding questions from journalists after the Monetary Policy Committee meeting held in Abuja. He […]
Implementation of cashless policy is in public interest–Emefiele
By Mustapha Sumaila, Abuja Mr. Godwin Emefiele the Governor of Central Bank of Nigeria (CBN) says the implementation of cashless policy in six states of the federation is in public interest to promote an efficient payment system. Emefiele stated this while fielding questions from journalists after the Monetary Policy Committee meeting held in Abuja […]
CBN Cashless Policy: traders, residents express concern
By Olubukola Aiyedogbon, Ilorin Residents of Ilorin, capital of Kwara have expressed concern over the charges on deposits by the Central Bank of Nigeria. Some of them who spoke with the News Agency of Nigeria (NAN) in Ilorin on Friday said that it is was nothing but extortion by the apex bank. Mrs. Adejumoke Olumuyiwa, […]
CBN clears air on cashless policy
As reactions continue to mount following the announcement by the Central Bank of Nigeria (CBN) on cashless policy, the apex bank has given more insight into the mode of operation on the policy. With fears and tension, which apparently, was as a result of misinterpretation of the CBN announcement on cashless policy, the CBN, on […]
Current business environment not ready for CBN cashless policy, OPS warns
By Victor Young Organized Private Sector, OPS, has warned against immediate deployment of cashless policy as directed by the Central Bank of Nigeria, CBN, saying “the current business environment and available infrastructures are not ready for such deployment.” Speaking through Nigeria Employers’ Consultative Association, NECA, OPS contended that several sub-sectors of the economy would […]
