The United Nations Economic Commission for Africa (UNECA), is set to encourage policy research to promote economic growth in West Africa. In a statement issued on the website of the UNECA on Friday, the commission inaugurated a seminar on Wednesday…
By Matthew Denis Abuja The Managing Director and Chief Executive Officer of Development Bank of Nigeria (DBN), Dr. Tony Oparachi has disclosed that the Micro, Small, and Medium Enterprises, (MSMEs) has contributed 48% percent to Nigeria’s Gross Domestic Product (GDP)…
In a massive collaborative initiative to support and promote interventions targetted to addressing hunger and malnutrition in communities, Agric lender, Unity Bank Plc and Lagos Food Bank have donated food items worth millions of Naira to Ogundimu Ilaje, a riverine…
The Central Bank of Nigeria (CBN) has stated that the eNaira application has so far recorded a total of 905,588 downloads. However, only 282,600 are currently active. This was revealed by the Governor of the CBN, Mr. Godwin Emefiele,/ during…
The Central Bank of Nigeria (CBN) says its Monetary Policy Committe (MPC) decision to increase Monetary Policy Rate (MPR) is to control rising inflation. Hassan Mahmoud, CBN’s Director, Monetary Policy Department said this on Wednesday at a post-MPC briefing tagged:…
Nigeria’s Debt Management Office (DMO) has stated that Nigeria’s debt to GDP ratio is 23 per cent, which is still within the country’s self-imposed limit of 40 per cent. This Director-General of the DMO, Patience Oniha, said this during an…
The Association of Small Business Owners of Nigeria (ASBON), on Tuesday, emphasised the need for full participation and representation in the Federal Government’s decision and policymaking processes. The National President, Dr Femi Egbesola, made the assertion against the backdrop of…
The Senate on Tuesday at plenary, passed for second reading, a bill to amend the Central Bank of Nigeria (CBN) Act. Leading debate on the general principles of the bill, its sponsor, Sen. Sadiq Umar (APC-Kwara), said the bill was…
The Central Bank of Nigeria has stated that it will implement aggressive cash reserve requirement “CRR” measures by mopping up liquidity from commercial banks by Thursday latest. He warned banks to fund their accounts immediately. This was revealed by CBN…
To bridge the gap in helping small businesses access much needed funding and capacity development initiatives, Fidelity Bank Plc has announced a strategic partnership with the Small and Medium Enterprises Development Agency (SMEDAN). At a Memorandum of Understanding (MOU) signing…
