Central Bank of Nigeria
CBN maintains market liquidity with $195m
The Central Bank of Nigeria (CBN), on Monday October 16, 2017 continued to maintain liquidity in the Forex market by injecting $195 million in the the Nigerian inter-bank foreign exchange market.
CBN, stakeholders harp on sustainable development via agric
The Central Bank of Nigeria (CBN) and stakeholders in the renewed drive for economic diversification through agriculture have reiterated that agriculture presents the major opportunity of a long-term sustainable development in the country.
CBN sustains financial inclusion engagements in Lagos
The Central Bank of Nigeria (CBN), at the weekend, engaged entrepreneurs and residents in Lagos on its various intervention programmes meant to stimulate the economy and boost people’s living standards.
Senate moves to halt extra-budgetary spending at CBN
In passing the second reading, the Senate accused the apex bank of acting in contravention of the provision of the Constitution and the Fiscal Responsibility Act through extra-budgetary spending to selected bodies, institutions and agencies.
Nigeria Central Switch records N64tr electronic deals
As the Nigeria Electronic Fraud Forum (NeFF) meets to review the 2015 Cybercrime Act, the Central Bank of Nigeria (CBN), the banker of last resort, has charged stakeholders to come up with workable policies to enhance the efficiency of electronic transaction...
Economy begins slow recovery from recession
The National Bureau of Statistics (NBS) disclosed yesterday that this contraction, which represented the fifth in the quarterly series, starting from the first quarter of 2016, raised hopes that recovery is on the way.
Heritage Bank, Triton Aqua’s N2b facility to create jobs
The N2 billion long-term facility of Heritage Bank Plc and Central Bank of Nigeria, given to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), is expected to boost job creation.
Nigerian economy glimpses dim light at end of tunnel
Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history.
‘How Julius Berger, others ensured prompt delivery of Abuja Airport project’
The Management of Julius Berger (JB) Plc, yesterday described the company’s delivery of Abuja Airport Emergency Repair Project in a record time as a demonstration...