CTG: CBN to engage 300,000 farmers to produce 450,000 metric tons of cotton
The Central Bank of Nigeria (CBN) says its current effort to revive Cotton, Textile and Garment (CTG) industry is targeting at engaging 300,000 farmers to achieve 450,000 metric tonnes of cotton in 26 states in the next three years. The CBN Governor, Mr Godwin Emefiele, disclosed this at a meeting to brief some state Governors […]
Customers will continue to return mutilated notes to banks after Sept.2 — CBN
The Central Bank of Nigeria (CBN) on Saturday said that the general public would continue to return mutilated banknotes to their banks after the Sept. 2 deadline.
U.S. Company partners CBN, farmers to export cassava to Europe, America
Shine Bridge Global (SBG) a U.S.-based company says it is determined to partner with Nigerian agribusinesses and regulatory agencies to improve cassava production and processing in Nigeria.
Will CBN’s lending initiative create desired outcome?
The real challenge to credit creation has been an under-developed identity management system
Coronation Reasearch Weekly Update:Market interest rates back up
The Central Bank of Nigeria (CBN) has been promoting pro-growth strategies recently, while letting market interest rates fall to a shade over the inflation rate. The problem with this strategy is that the market might question the CBN’s determination to hold the exchange rate, even with its high levels of foreign reserves. Market interest rates […]
CBN ends credit to firms, individuals without TIN, BVN
The Central Bank of Nigeria (CBN) has mandated commercial banks to stop lending to firms without Tax Identification Number and individuals not having Bank Verification Number (BVN).
