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Central Bank of Nigeria (CBN) on Monday said that many Nigerians are unable to access loans from commercial banks because they cannot distinguish between working and fixed capital.
An economist, Dr Boniface Chizea, has urged commercial banks and the Central Bank of Nigeria (CBN) to work together to ensure the proposed re-capitalisation had positive impacts on their operations and economy at large.
The South, South Animal and Crops Farmers Association of Nigeria, has commended President Muhammadu Buhari for re-appointing Mr Godwin Emefiele as governor of Central Bank of Nigeria (CBN), for another five years.
A Non Governmental Organisation (NGO) has called on commercial banks to ensure compliance with the Nigeria Financial Intelligence Unit (NFIU) directive to local government councils on cash withdrawal limit.
“We have done it to a particular stage, we have stabilized it from where we have found it and irrespective of the recession and irrespective of the slow pace of the economy, there has been significant growth in the Lagos economy which is visible.”
The Kaduna State Government has solicited the support of Central Bank of Nigeria, commercial banks and mobile network providers for internet data subscription to connect its newly established E-Library.
Two financial experts, Samuel Nzekwe and Titus Okurounmu, on Wednesday commended the Central Bank for reducing the benchmark lending rate from 14 per cent to 13.5 per cent.
Two financial experts, Dr Samuel Nzekwe and Dr Titus Okurounmu, on Wednesday commended the Federal Government for reducing the benchmark lending rate from 14 per cent to 13.5 per cent.
According to Ajao, the TAT had been configured at 15 seconds in agreement with banks and processors. However, delayed responses from Issuers after this timeout in recent times could cause authorised debits not to return to the terminal before the set TAT.
The Central Bank of Nigeria, CBN, has directed commercial banks and Bureau the Change operators to, immediately, stop sale of forex to import textiles and clothing materials in the country.
As liquidity crunch continues to hold sway in the financial market, commercial banks have continued to access the Central Bank of Nigeria’s (CBN) standing facilities window to square up their positions by borrowing N6.275 trillion from the standing lending facility (SLF) window.
The Executive Director, Micro Enterprise, Bank of Industry, Mrs Toyin Adeniji, says more than 1.5 million Nigerians have benefited from the Federal Government Enterprise and Empowerment Programme (GEEP) scheme since inception in 2016.
The Federal Capital Territory Administration (FCTA) said that it has so far identified and captured, in its database, over one million taxpayers in the Federal Capital Territory (FCT), who have received their Taxpayer Identification Numbers (TIN), through personalised SMS.
Minister for Science and Technology, Dr. Ogbonnaya Onu, has urged industrialists across Nigeria to improve on their technological innovations for better products to help Nigeria diversify and be less dependent on crude oil as the mainstay of the economy.
The strategic partnership between the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) on foreign exchange (forex) supplies and sustenance of market integrity helped the naira’s stability in 2018.
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said given the extent of damage already inflicted on the economy by past administrations, no politician currently vying for the seat of power has what it takes to return the economy on the path of growth within a short period.
On Monday December 17, 2018, President Muhammadu Buhari who is seeking re-election for a second term of office will be marking his 76th birthday and, in his own words, “still going strong.”
The Debt Management Office (DMO) has advised the 36 states of the federation and the Federal Capital Territory (FCT) to take necessary steps to enact relevant legislations, policy frameworks as well as guidelines to equip the debt management units or departments in their respective jurisdictions.
The United States of America and Nigeria have signed a declaration of partnership to launch a five-year plan to improve food security, build greater resilience, and improve household nutrition in the country.
Among the villages noted were Kamitau Mala Faru, and Dan Tatsako Some residents of one of the affected areas Kamitau said, the bandits attacked the area around 5:45am yesterday.
The Republic of Korea, through its grant aid and technical cooperation agency, Korea International Cooperation Agency, (KOICA), has organised a three-year training programme for 45 Nigerian police personnel.
Tiger Woods fans were hoping his Masters win in April marked a return to the days when he was a consistent threat at every major championship.
The Senate yesterday invited the United Nations Resident Team in Nigeria and the Nigeria Boundary Commission to brief it on the status of Nigeria’s claim of extended continental shelf.
Senegal has never been close to the finals of the African Cup of Nations after 17 years in its history.
Three Super Eagles players of Odion Ighalo, Ahmed Musa, and Chidozie Awaziem has been declared fit ahead of the 2019 Africa Cup of Nations semi-final clash against Algeria on Sunday night at Cairo International Stadium.
Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.
BBNaija introduced a new task ‘Pepsi Know Da Lyrics challenge’ for Pepper Dem Gang, in which every housemate will choose from the written lyrics of Pepsi brand Ambassadors, Wizkid, Tiwa Savage, Tekno, Davido, Burna Boy and Teni and perform
Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.