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.
9 banks scale CBN’s dividend hurdle, 4 fail
DIVIDEND pay-out in banks rose 12.6 percent for their financial year ended December 2018 despite the dividend restriction policy introduced by the Central Bank of Nigeria, CBN. About nine banks scaled the CBN hurdle while four were caught napping.
CBN’s renewed push for jobs, forex savings in milk industry
I CAN’T meet my demands anymore and even those not on our bills are begging us to supply them, even from as far as China. So, we are saving Nigeria a lot of foreign exchange. So, the restriction on forex is good for the local industry because we are now being pushed to do more.”
Business confidence in economy rises in July — CBN survey
A Central Bank of Nigeria, CBN, survey report has shown that business’ confidence in the country’s macro economy rose by 0.8 basis point to 28.1 index points in July from 27.3 index points in June.
CBN regulation: Banks to increase lending by 8.6% in 2019 ― Analysts
ANALYSTS at Vetiva Capital Management Limited have projected 8.6 percent growth banks’ lending in 2019.
Banks’ lending to agric underperforms CBN’s 7% target
Anks’ lending to the agricultural sector is lagging behind the seven percent target of the Central Bank of Nigeria (CBN) for the sector by 2021.
