Forex intervention: CBN injects $311.5m, CNY15m into retail SMIS
The Central Bank of Nigeria (CBN) on made an intervention of 311.5million dollar in the retail Secondary Market Intervention Sales (SMIS) and 15 million Chinese Yuan in the spot and short-tenored forwards segment of the inter-bank foreign market.
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 […]
CBN to support nomadic herdsmen livestock production
The Central Bank of Nigeria (CBN) will support and integrate smallholders, subsistent and nomadic herdsmen through its Anchor Borrowers Programme (ABP) to boost livestock production. The CBN Governor, Mr Godwin Emefiele, disclosed this at the briefing of some State Governors on the feat recorded in the agriculture sector in Abuja on Thursday. Emefiele decried Nigeria’s […]
Nigeria spends $1.2bn to import fish annually — Emefiele
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about 1.2 billion dollars worth of fish is imported into this country annually. Emefiele disclosed this in a meeting while briefing some state Governors and the media on the feat recorded so far in agriculture for economic growth, in Abuja on Thursday. […]
