The Central Bank of Nigeria (CBN), yesterday, said it is injecting N25b into the cassava value chain this year.  The move, according to the Apex bank is to curb $600m spent on the importation of cassava derivatives into the country.  This is just as the International Fund for Agricultural Development (IFAD) in the collaboration with…

State Governors, especially in the South have been urged to promote the cultivation of rice, so as to make the product available in the region, at an affordable price. The founder and Chief Trader of Titan Farms (TF), an agro-commodity processing and trading outfit, Gbenga Eyiolawi, who gave the advice, decried the practice by some…

A survey by the Central Bank of Nigeria (CBN) has revealed that Nigerians, given a trade-off, are willing to pay more for goods and services to have lower interest rates. The preference as contained in the ‘Q3 Inflation Attitude Survey Report’ released yesterday, shows that Nigerians are still comfortable with the impact of rising prices.…

Security around the Abuja office of the Central Bank of Nigeria (CBN) in the Central Business District of the Federal Capital Territory (FCT) opposite the National Centre...

The Central Bank of Nigeria (CBN), says it has so far made a total of N3.5trillion disbursements to cushion the effect of COVID-19 pandemic on the country’s economy. This is contained in a review of the 132nd communique of the Monetary Policy Committee (MPC) meeting obtained from the apex bank’s website, and signed by its…

The October Business Expectations Survey Report suggests that the next six months hold brighter prospects for the economy.

The Central Bank of Nigeria (CBN) has promised to build a robust economy through aggressive interventions in agriculture and industrial revival. The CBN Governor, Godwin Emefiele, who spoke on Saturday in Lokoja, Kogi State, at a forum with stakeholders, said the five-year policy thrust of the apex bank which covers 2019-2024 would grow the economy.…

Rivers State Governor, Nyesom Wike, has urged the Central Bank of Nigeria (CBN) and the Federal Ministry of Agriculture to support the state's $12 million cassava initiative to boost food security, create jobs and earn foreign exchange for the country. The governor noted that the agro initiative would create over 3,000 jobs and enhance the…

Experts in Nigeria’s financial sector have tipped Bank Assurance, an initiative of the Central Bank of Nigeria (CBN) and the National Insurance Commission (NAICOM), as a viable tool for boosting financial inclusion and insurance penetration in the Nigerian market. According to the experts, banks and insurance firms can leverage the initiative to access the asset…

Access Bank has announced definitive agreements to bolster its position in Mozambique, as well as to enter the South African market.

The Central Bank of Nigeria (CBN), has embarked on a large scale food production in some states, to ensure food security, especially during the dry season.

The Oyo State Chapter of All Farmers Association of Nigeria (AFAN) has expressed concern that the ban on forex for the importation of maize would lead to maize glut.  The Chairman, who doubles as the Assistant National Secretary of the association, Engr. John Olateru, who disclosed this in Ibadan, said farmers of other commodities would migrate to maize…