The Central Bank of Nigeria (CBN) and the Maize Association of Nigeria (MAAN) have begun a collaboration to aggregate maize under the Anchor Borrowers Programme (ABP) of the Federal Government for the 2021 wet season. The maize farmers also inaugurated…
CBN says $700 million has been invested into the country’s payment system by Nigerian founders between 2015 and 2020. Godwin Emefiele disclosed this at the 2021 annual Bankers’ Committee retreat in Lagos, which held with the theme, ‘Building Resilience for…
In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion…
The Central Bank of Nigeria (CBN) has recorded over 34,000 transactions on the eNaira platform, amounting to over N188 million. This was disclosed by the CBN Controller, Enugu branch, Ch’Edozie Okonjo, at the 2021 Annual Bankers Dinner and Lecture, organised…
The Central Bank of Nigeria (CBN) has stated that the construction sector’s loan default was to blame for the surge of non-performing loans. This is according to the Central Bank of Nigeria (CBN) August Economic Report. The construction industry has…
The House of Representatives has directed its principal officers to interface with the Committee of Finance and Currency over the failure of some agencies to appear for 2022 budget defence. Ahmed Wase, Deputy Speaker of the House, gave the ruling…
The Central Bank of Nigeria (CBN) on Tuesday released guidelines for its “Production and Productivity” initiative, through “100 projects for EVERY 100 days” project. Information in the apex bank’s website revealed that the initiative was designed to support the Federal…
The South East Amalgamated Markets Traders Association (SEAMATA), has sent a “Save Our Souls (SOS)” signal to the Central Bank of Nigeria (CBN) over multiple and indiscriminate charges and deductions on customers by commercial banks. SEAMATA is the umbrella association…
By Blessing wika, Abuja The management of Ecobank has announced the appointment of Jubril Mobolaji Lawal as its Regional Executive and Managing Director designate of Ecobank Nigeria. The appointment was announced ahead of the upcoming retirement of the current Managing…
The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed. The reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29. The CBN also disclosed that at…
