Banks operating in the country, First City Monument Bank Plc, United Bank for Africa (UBA) and Zenith bank Plc have appealed to customers to oblige to Central Bank of Nigeria (CBN) N5 per dollar initiative to drive Diaspora remittances. The…
By Kayode Tokede The Agricultural Credit Guarantee Scheme Fund (ACGSF) on Thursday presented awards and cash prizes to three outstanding farmers and a financial institution for their efforts to boost agriculture. The awards were presented during the Best National Farmers…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange ( I & E FX) market appreciated by 1.09 per cent to close at N406.50 against the dollar on Thursday. While Naira gained 0.43 per cent against the Euro…
By Kayode Tokede Over 642,860 smallholder farmers across 35 states of the federation have received support from Unity Bank Plc under the Central Bank of Nigeria (CBN)’s Anchor Borrower’s Programme, (ABP) to boost food production and attain self-sufficiency in rice…
By Kayode Tokede The naira appreciated at the Investors & Exporters Foreign Exchange (I&E) window by 0.2per cent to N411.00 against the dollar on Wednesday from N410.66 against the dollar it opened for trading. Also at the I& EFX window,…
By Kayode Tokede Sources in the Central Bank of Nigeria (CBN) have denied a recent Bloomberg report that the apex bank will be unwinding its Open Market Operations (OMO) programme which has targeted foreign investor inflows for the last three…
By Kayode Tokede The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the Anchor Borrowers’ Programme (ABP) of the Bank, has emphasised the need for all stakeholders to sustain current efforts championed by the Bank to galvanize agricultural…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed the country’s foreign reserves dropped by $547.9million in first two months of 2021. The foreign reserves have been on consciously decline steady in global oil price, according to Organization…
By Kayode Tokede Access Bank has launched a service called ‘Auto-club by Access’ as a one-stop shop designed to cater to automobile needs of Nigerians by providing auto services. In a statement titled ‘Auto-Club by Access helps customers drive the…
By Kayode Tokede Analysts at FBNQuest Research have predicted marginal increase in the country’s Purchasing Managers’ Index (PMI) for March. The Lagos based firm stated that on a 12-month moving average basis, the headline index picked up slightly from 50.7…
