Can CBN save the Naira and save Nigerians?
THE Naira exchange rate has suffered severe battering in recent times and fallen from about N160 to the present N197=$; even when our national experience suggests a close correlation between deepening poverty and weakening Naira exchange rates.
CBN disburses N30b to oil palm producers
The Central Bank of Nigeria (CBN) has disbursed the sum of N30 billion to oil palm producers, with a view to ensuring massive production of the commodity in the country. The Governor of CBN, Mr. Godwin Emefiele, disclosed this at a meeting with stakeholders in the industry, in Abuja, this afternoon. The CBN boss also disclosed that the apex bank had commenced investigations into the accounts of suspected palm oil smugglers, vowing to sanction culprits.
CBN, PenCOM, banks workout over N2trn mortgage for Nigerians
More Nigerians would soon easily access mortgage facilities, as the Central Bank of Nigeria, CBN, and Bankers’ Committee have commenced a fresh initiative, in collaboration with National Pension Commission, PenCom, to make over N2 trillion mortgage available to the public.
CBN to sell N809.4 bn Treasury Bills in Q3’19
The Central Bank of Nigeria, CBN, has slated Treasury Bills, TBs, sales worth N809.4 billion for the third quarter 2019, Q3’19. This is contained in the apex bank’s latest Nigeria Treasury Bills Issue programme released last weekend.
CBN to close bank accounts of smuggling firms, individuals
CITING economic sabotage, the Central Bank of Nigeria, CBN, yesterday said that it would close bank accounts of any company or person caught in smuggling and dumping of banned products into the country.
Congrats CBN Gov but there is wahala (3)
TRAVELLING, for the first time in more than three years through Epe-Ijebu-Ode-Ibadan road on May 25, 2019 provided another reason why the Central Bank of Nigeria, CBN, must answer the question: “what will cotton replace among the current basket of crops now cultivated in Nigeria?”
