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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.
The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.
In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
The Central Bank of Nigeria (CBN) on Wednesday gave $210million to the inter-bank foreign exchange market.
President Muhammadu Buhari has said despite having the largest economy in Africa, Nigeria is experiencing conflicts and irregular migration because of lack of social and economic inclusion.
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has charged the Corporation Downstream company, NNPC Retail, to increase its current 14 per cent market share to 30 per cent by 2020.
The National Information Technology Development Agency (NITDA) has received 407 start-up applications for sponsorship to the annual Gulf Information Technology Exhibition (GITEX) schedule for October.
The Zamfara state government has inaugurated two drugs regulatory committees established by the Pharmaceutical Council of Nigeria (PCN) as part of its efforts to ensure effective drugs regulation in the state.
The Central Bank of Nigeria has again intervened in the Retail Secondary Market Intervention Sales to the tune of $325.64 million.
The African Export-Import Bank (Afreximbank) has successfully secured another facility, but its first ever Samurai Syndicated Term Loan Facility, with equivalent of $150 million.
Also confirmed are Eng Uba Maska, executive commissioner (North West) for reappointment, Professor Millionaire Abowei, non-Executive director (South
The Nigerian Army (NA) Thursday morning said investigation has commenced into the assault of a motorist at Obalande by a man dressed in military camouflage.
The Office for Budget Responsibility (OBR) said the world’s fifth-biggest economy appeared to have flat-lined or possibly contracted in the second quarter, some of which was probably “pay-back” after Brexit-related stock building in early 2019.
Three French troops died by accident while carrying out an operation against illegal gold mining in the South American territory of French Guiana, military authorities said on Thursday.
The EU has fined Qualcomm €242 million (around $272 million) for selling 3G modem chips at predatory prices in an attempt to drive a competing supplier, Icera, out of the market.
The Kaduna State House of Assembly on Thursday rejected the Commissioner nominee for Agriculture, Alhaji Aliyu Jaafaru.
The Adamawa Sector Command of the Federal Road Safety Corps (FRSC) has sensitized Keke NAPEP riders in the state on the need to register and obtain license as legitimate operators.
Two health workers engaged in prevention of Ebola disease were killed in eastern Democratic Republic of the Congo (DRC) the Health Ministry said on Monday.
Frank Lampard is hoping to see Callum Hudson-Odoi commit to a new contract at Chelsea which will bring any uncertainty regarding his future to a close.
Suspected bandits have killed 10 people and injured five others in a reprisal attack carried out by a group of bandits in Kirtawa village of Safana LGA of Katsina state.