CBN, commercial banks to revive real sector with N4 trillion facility
Succour may soon come the way of manufacturers and entrepreneurs, especially the agriculture sector, as the banking industry’s accumulated cash reserve, ratio (CSR) estimated at N4.11 trillion, would be opened for lending through a target approach. Specifically, the Central Bank of Nigeria (CBN) and commercial banks have agreed to fund projects of manufacturing companies and…
CBN collects N7 trillion for government, withdraws N977b bad notes
In about eight months after the 2017 fiscal year, the annual report of the Central Bank of Nigeria (CBN) has showed that it recorded N7.3 trillion revenue.The development, which also affirmed that finances were relatively stable during the period, indicated a 30.3 per cent increase over the figures of 2016.
CBN interest rate on agric loans outrageous, says Ogbeh
The Minister of Agriculture and Rural Development, Audu Ogbeh, has criticized the nine percent interest rate on agricultural loans given to farmers under the Anchor Borrowers Scheme of the Central Bank of Nigeria (CBN), describing it as outrageous. Ogbeh, who spoke at the second conference of the Feed the Future Nigeria Agricultural Policy Project yesterday…
Real sector’s growth optimism constrained by lingering challenges
Although business operators are optimistic about the economic outlook this month, there are concerns that insufficient power supply, high interest rate and insufficient demand, among other factors, may constrain growth in the real sector. Indeed, latest report on the monthly business expectations survey conducted by the Central Bank of Nigeria (CBN) also showed that firms…
‘Nigerian capital market has great potentials’
First and foremost, i am thankful to the almighty God for making it possible for me to achieve this feat. It has not been easy, having roughed it all through the ranks to the position of a full professor.
NBET’s $350m investment in NSIA yields $67m profit
Power generating firms may soon heave a sigh of relief as the Nigeria Bulk Energy Trading Company Plc (NBET) has received $417.46 million from the Nigerian Sovereign Investment Authority (NSIA).
That N200 billion for sugar importation
It is hardly surprising that the level of demand for sugar and sugar products in Nigeria is quite significant.
Production, raw materials inventories to rise on increased government spending, consumer demand
Pick up in government spending in line with the 2018 budget passage as well as growing consumer demand is expected to further spike production level and raw materials inventories in the real sector before the end of third quarter of this year.
Mutual Funds net asset value hit N607.7 billion in H1, 2018
Mutual funds net asset value (NAV) in the nation’s capital market recorded improved performance at the end of first half of the year, and stood at N607.7 billion.