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$57 budget 2020 oil benchmark unrealistic – central bank

The $57 oil benchmark adopted by the Federal Government in the 2020 budget may be unrealistic as the Central Bank of Nigeria (CBN) has called for its downward review.
Godwin Obaseki

Benin Enterprise Park: Governor Obaseki seals $200 million investment for textile industry

In furtherance to the Central Bank of Nigeria’s (CBN) concerted efforts to revive Nigeria’s ailing Cotton, Textile and Garment (CTG) sub-sector, Edo State Governor, Mr. Godwin Obaseki, has secured a $200m investment for a cotton-weaving and spinning industry at the Benin Enterprise and Industrial Park, in Sapele road axis of Benin City.

Godwin Emefiele: Smuggling must be dealt with to revive cotton, sub-sector

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says smuggling must be dealt with to effectively and successfully revive Cotton, Textile and Garment (CTG) sub-sector.

Godwin Emefiele: N100 billion needed to revive cotton, textile, garment sub-sector

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says more than N100 billion is needed to revive Cotton, Textile and Garment (CTG) sub sector.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Federal government will welcome Russia’s agribusiness in Nigeria – minister

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

AFAN: Flood destroys 3,000 farmlands in Jigawa

The All Farmers Association of Nigeria (AFAN) in Jigawa on Friday says reoccurring flood has destroyed over 3,000 farmlands in Guri Local Government Area of the state.

Official: Central bank, governors agree to develop agric sector

The Central Bank of Nigeria (CBN) and governors of the 36 states of the federation on Thursday agreed to pool resources to develop the agricultural potentials in their domains and create jobs.
Bank of Agriculture - BoA

Anchor Borrowers: BOA’s N84 billion reached 500,000 farmers directly – MD

The Managing Director of Bank of Agriculture (BOA), Malam Kabir Adamu, has said that the Bank disbursed N84 billion to farmers during the Anchor Borrower Program (ABP) of the Central Bank of Nigeria (CBN).

World Bank: Nigeria dying slowly

The World Bank on Thursday, dropped a bombshell that Nigeria was dying slowly and tragically living on borrowed time due to its neglect of the agricultural sector and heavy reliance on crude oil which it said belongs to yesterday.

Stakeholders react to presidential directive on forex restriction

Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on food items being imported into the country.

Ecobank, NIRSAL sign N70 billion MoU for agribusiness

The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Understanding (MoU) with Ecobank on a N70billion portfolio commitment from the bank to Agribusiness projects initiated and de-risked by NIRSAL.

Central bank, service chiefs collaborate to enforce executive order

The Central Bank of Nigeria (CBN), the Service Chiefs and heads of paramilitary agencies are closing ranks to tackle smuggling and dumping of textiles in Nigeria, currently robbing the country of billions of naira in revenue.

Nigeria plans to implement N500 billion facility for non-oil sector

The Central Bank of Nigeria, CBN, has said the Apex bank plans to implement N500 billion facility aimed at supporting the growth of non-oil exports, which would help to improve non-oil export earnings.

Godwin Emefiele: Oil discovery exposed Nigeria’s economy to vulnerability

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said the discovery of crude oil and the country’s increasing reliance on crude oil revenues have led to a severe downturn in the agriculture and manufacturing sectors.
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.

Farmers commend President Buhari for central bank supremo’s reappointment

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.
R-L- President Muhammadu Buhari congratulatulating Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele on his reappointment as head of the apex bank, for a second tenure.

President Buhari asks central bank to blacklist firms smuggling 43 restricted items into the...

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).

Central bank commences disbursement of initial N30 billion loan for palm oil production

A concerted effort to end oil palm importation and locally grow the crop on a large-scale basis has kicked off, with the Central Bank of Nigeria (CBN) allocating an initial N30 billion for the project, which it said is already being disbursed to beneficiary farmers in identified states.

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Governor David Nweze Umahi

Ebonyi governor presents 178 billion budget for 2020

Gov. David Umahi of Ebonyi on Friday, presented a budget of N178.1 billion for 2020 to the state House of Assembly.

Adams Oshiomhole welcomes Osagie Ize-Iyamu to APC, denies house arrest claims

The National Chairman of All Progressives Congress (APC), Adams Oshiomhole, has denied reports that he was placed under house arrest in Edo.

AEDC: Some Abuja residents to experience power disruption Saturday, Sunday

The Abuja Electricity Distribution Company (AEDC), says customers in parts of Central Area, Abuja will experience power interruption on December 14 and 15 due to maintenance of its facility. .
Kabiru Dogo

Kabiru Dogo set to dump Sunshine Stars over ‘interference’

Sunshine Stars head coach Kabiru Dogo may dump the Akure club in the coming days, revealed a source close to the gaffer.
Super Eagles striker Victor Osimhen was left on the bench for the entire duration in Lille’s visit to Chelsea in Tuesday’s UEFA Champions league game.

Victor Osimhen misses late penalty in Lille’s home win against Montpellier

Super Eagles striker Victor Osimhen missed a late penalty but it was not enough to prevent Lille from beating visiting Montpellier 2-1 On the French Ligue 1 on Friday night.