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Central Bank of Nigeria

Godwin Emefiele’s commitment to MSMEs lauded

The Chairman of Abuja Chapter of Chartered Institute of Bankers of Nigeria (CIBN), Prof. Uche Uwaleke, has commended the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for his commitment to funding Micro, Small and Medium Enterprises (MSMEs).

Central bank: Nigeria external reserves stand at $45 billion as at June

The Central Bank of Nigeria (CBN) says the country’s external reserves now stand at 45 billion dollars as at June 2019.

Federal government charges new SEC board to sanitize capital market

The Federal Government on Monday inaugurated the reconstituted Board of the Securities and Exchange Commission (SEC), changing the new members to provide effective leadership in the capital market.

Godwin Emefiele: Central bank to continue operating managed float exchange rate regime

The Central Bank of Nigeria (CBN) says it will continue to operate a managed float exchange rate regime to reduce the impact of continued volatility in the exchange rate on the economy.
The Central Bank of Nigeria (CBN), said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme.

Central bank: One million farmers benefit from anchor borrowers scheme

The Central Bank of Nigeria (CBN) said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme.

Central bank: External reserves stand at $45 billion as at June

The Central Bank of Nigeria (CBN) says the country’s external reserves now stand at 45 billion dollars as at June, 2019.
Patrick Akinwuntan, Managing Director, Ecobank Nigeria limited in a warm handshake with Aliyu Abdulhameed, Managing Director/CEO, Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) during a business visit of NIRSAL Management to Ecobank Head office in Lagos.

Ecobank announces N70 billion agriculture financing scheme

Ecobank Nigeria has entered into a strategic partnership with Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) with a N15 billion agricultural investment scheme being the first tranche in agricultural value chain financing.

Central bank unveils five-year agenda, targets fresh banks recapitalisation

Godwin Emefiele, governor of the Central Bank of Nigeria, says there are plans to carry out a recapitalisation exercise for deposit money banks in the country.

Central bank chief pledges to bring inflation to single digit within five years

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says he will bring inflation to single digit within the next five years.

Central bank targets 10 million jobs in next five years

The Central Bank of Nigeria plans to create 10 million jobs in the next five years through investment support in agriculture and Manufacturing sector, in line with President Muhammadu Buhari’s agenda of diversifying the Nigerian economy.

Central bank governor unveils agenda for economy, to recapitalise banks

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Monday unveiled his economic blueprint for the country, promising to recapitalise banks within the next five years to make them contribute significantly to economic growth.

RMAFC: No going back on banks’ probe for tax collection verification

The Revenue Mobilisation Allocation and Fiscal Commission on Sunday said there was no going back on the on-going probing of Money Deposit Banks to ascertain the amount of money they collected on behalf of revenue generating agencies of the government.
Aliyu Abdulhameed

NIRSAL moves to raise over N140 billion for Agric financing

The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has initiated actions to raise over N140 billion to finance agriculture over the next three years. US$200 million (N75 billion) will be raised by NIRSAL in...

Gunmen kill 72-year–old community leader in Anambra

Administrative Secretary of Nnobi Welfare Association in Nnobi, Idemili South Local Government Area of Anambra State, Mr. Vincent Uzoagbala, 72, was on June 16 gunned down by suspected assassins in front of his house at Awuda quarters of the town.
Mansur Ahmed .. MAN president

MAN: Standard organisation is inefficient

The Manufacturers Association of Nigeria (MAN) has advised the federal government to re-examine the mandate of the Standard Organisation of Nigeria (SON).

Central bank summons currency dealers, others on development in forex market

The Central Bank of Nigeria (CBN) has summoned all authorised currency dealers for a meeting to discuss development in the foreign exchange market.

Federal government to inaugurate SEC board Monday

The Federal Government will on Monday inaugurate the board of the Securities and Exchange Commission (SEC) to be chaired by Mr Olufemi Lijadu.

Court jails 5, frees one over N5.2 billion rural electricity fraud

Justice Adebukola Banjoko of the Federal Capital Territory, FCT, High Court, sitting in Gudu, Abuja, convicted and sentenced former directors of the Rural Electricity Agency, REA, to various jail terms for their culpability in the N5.2billion scam.

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Timi Frank: President Buhari government blackmailing judges to get favourable judgement

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Israeli Prime Minister Benjamin Netanyahu praised a White House announcement on Monday ending sanctions exemptions for Iran’s oil customers, calling it “of great importance” in boosting pressure on Tehran.

Israel seeks withdrawal of troops from Syria in talks with US, Russia

As trilateral U.S.-Russia-Israel talks kicked off in Jerusalem on Tuesday, the Israeli prime minister said the three countries share a common objective of “the departure of all foreign forces from Syria who entered Syria after 2011,” when the civil war broke out.