Abia maize farmers get inputs from CBN
Following the approval of loans to selected maize farmers in Abia State, the Central Bank of Nigeria (CBN) has released planting inputs to farmers for this year’s planting season
Naira weakens further as dominant currencies alter pricing decisions
With many trade transactions benchmarked against dominant currencies like the U.S. dollar, the International Monetary Fund (IMF), has expressed concerns that currency movements pose great challenges to developing countries’ domestic economy, especially trade.
Investing in toothpicks manufacturing
Toothpicks are simple, yet highly sought-after items all over Nigeria and the world. Despite the CBN-imposed ban on foreign exchange for this commodity, millions of dollars are still spent on its importation every year.
Loan recovery flops as Anchor Borrowers’ scheme gulps N240b
Recouping about N240 billion ‘revolving’ credit facilities granted to small-scale farmers and processors in the Federal Government’s Anchor Borrowers’ Programme...
CBN holds lending rate at 12.5%
The Central Bank of Nigeria (CBN) yesterday retained its monetary rate, which guides lending, by leaving its headline rate at 12.5 per cent along with every other parameter around the Monetary Policy Rate (MPR)
CBN floats Nigeria’s first mortgage guarantee firm, doles out N7.5billion
Efforts to revive the mortgage sub-sector and reposition the housing financing institutions in the face of current demands and challenges have received a boost
Preserving forex reserves, raising local capacity through import substitution
For decades, successive governments in Nigerian resorted to protective measures, including import restrictions and exchange rate control, to manage its foreign exchange
Reps clarify NDDC’s N81.5b expenditure probe, grill BPP boss over projects
The House of Representatives yesterday dismissed the notion in certain quarters that the ongoing probe of the expenditure by the interim management committee (IMC) of the Niger Delta Development