CBN’s power, airline interventions hit N277 billion
Development interventions by the Central Bank of Nigeria (CBN) in the power and aviation sectors have reached N277.4 billion cumulatively between September 2016 till June 2017, with repayments by the operators trailing progressively.
CBN to license stockbrokers to access liquidity window
Efforts by the Securities and Exchange Commission (SEC), to address liquidity constraints in the capital market heightened yesterday, as the Commission unveiled plans to seal agreement with the Central Bank of Nigeria....
CBN joins NPA, NIMASA’s port charges to forex window
The Central Bank of Nigeria (CBN) yesterday added the Nigeria Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) to its official forex window.
GTBank records 18% increase in profit for mid-year
The bank’s gross earnings for the period grew by two per cent to N214.1 billion from N209.9 billion in June 2016; driven primarily by growth in investment securities income as well as income from risk assets.
‘Local substitution averages 53% on CBN’s restriction policy, intervention’
backward integration exercise in some of the nation’s productive sector has hit 53.1 per cent following the restriction of some items from accessing foreign exchange at the official window...
NECA, CBN unveil E-leaning scheme to boost entrepreneurship
As part of efforts to reduce unemployment in the country, the Nigeria Employers’ Consultative Association (NECA) in partnership with the Central Bank of Nigeria (CBN), is to unveil NECAPreneur E-leaning Scheme to boost entrepreneurship.
Naira: Struggling to keep currency alive
Emefiele affirmed that while CBN has been dynamic in policy options to support the foreign exchange market, and fight the one-time soaring inflation to restore faltering prices and financial stability, the economic structure and outlook remain challenging.
FG, debts and the economy
Henceforth, government must show good example in the settlement of its debt obligations to avoid jeopardizing the well-being and interests of its creditors, the national credit system, the economy and the well-being of all Nigerians.