Marketers import 536,000 metric tonnes of fuel in four months
Marketers imported 536,000 metric tonnes of petrol since the deregulation of the downstream sector on March 19, 2020, the Petroleum Products Pricing Regulatory Agency
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
CBN unveils intervention support guidelines for agribusiness, others
The Central Bank of Nigeria (CBN), has unveiled guidelines for non-interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme...
CBN orders seizure of debtors’ funds across banks
The Central Bank of Nigeria (CBN), through a Global Standing Instruction (GSI) issued yesterday, has ordered the seizure of loan defaulters’ funds across the banking sector.
CBN moves to ban importation of maize
The Central Bank of Nigeria (CBN) has directed all authorised dealers to discontinue the processing of Form M for the importation of maize with immediate effect.
Nigerians fight for economic balance as recession beckons
The last three months of the lockdown imposed to check the spread of the novel coronavirus have been hectic for most Nigerians, as they struggle to find a balance between dipping incomes...
18 local airlines jostle for N27b aviation bailout fund
There are indications that a total of 18 local operators have submitted formal application for the N27b aviation bailout fund proposed by the Federal Government.
COVID-19 lessons from CBN interventions
In a way, the COVID-19 pandemic has come as a force majeure. As a consequence, the country’s large appetite for importation of everything under the sun has been temporarily suspended and the wish is for it to be permanently suspended.