The Central Bank of Nigeria (CBN) on Tuesday awarded more than N234million in research grants to five beneficiaries of its Healthcare Sector Research and Development Intervention Scheme (HSRDIS). The recipients of the grants were Professor of Epidemiology, Olufemi Babalola, who…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that credit to private sector crossed the N30trillion mark to N30.55 trillion in January 2021. The apex bank in its money and credit statistics disclosed that the N30.56 trillion…
By Kayode Tokede The Central Bank of Nigeria (CBN) on Monday donated food items to Internally Displaced Persons (IDPs) in Borno. The CBN Branch Controller in Maiduguri, Alhaji Lawan Tijjani, who presented the items to the IDPs, said that the…
Industrialists and Manufacturers on Monday said the Naira 4 Dollar Scheme, an initiative of the Central Bank of Nigeria to encourage diaspora remittances would help stabilize the forex situation of the country. They made the assertion in separate interviews with…
The Central Bank of Nigeria (CBN) has said the country’s foreign reserves dipped by $184.58 million in its week-on-week (w/w) performance to $34.92 billion as at March 3rd, 2021 as the apex bank maintained its interventions across the foreign exchange…
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…
The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive to encourage inflow of diaspora remittances. The incentive, tagged “Naira 4 Dollar Scheme”, was announced in a circular signed by Saleh Jibrin, CBN ‘s Director, Trade and Exchange…
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…
…Extends intervention-loan repayment till 2022 By Kayode Tokede In its moves to tackle food security in the country, the Central Bank of Nigeria (CBN) through its Anchor Borrowers’ Programme (ABP) has released 50,000 metric tonnes of Maize into the market.…
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…
