The Central Bank of Nigeria (CBN), has recognised information and communications technology (ICT) company, MTN Nigeria, as the ‘Telco Partner of the Year’ at...

The Federal Government yesterday kicked off a process to privatise the equity of Bank of Agriculture (BoA) with government agencies owning 40 per cent of the equity share of the bank and the private sector, farmers owning 60 per cent share of the bank. Under the soon to be restructured bank, the Central Bank of…

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and Finance Minister, Mrs. Zainab Shamsuna Ahmed took advantage of the on-going 2019 Spring Meetings of the International Monetary Fund (IMF)/World Bank to market Nigeria's vast investment opportunities. At an interactive session in Washington, Emefiele said investors’ burgeoning confidence in the Nigerian economy brought…

The Edo State Government has partnered the Central Bank of Nigeria (CBN) on a synergy between the Anchor Borrowers’ Programme (ABP) and the state’s Agripreneur initiative. Special Adviser to the State Governor on Agriculture, Forestry and Food Security Programme, Joe Okojie disclosed this during a one-day sensitisation programme for farmers in Owan West and Ovia…

The House of Representatives has summoned Central Bank of Nigeria (CBN) Governor, Godwin Emefiele and others over missing N33 billion pensions fund. The Emmanuel Agbonayinma-led Ad-hoc Committee probing activities of the National Pension Commission (PenCom) and violation of PenCom Act also summoned Accountant General of the Federation (AGF), Ahmed Idris and Acting Director General PenCom,…

Central Bank of Nigeria (CBN)’s National Collateral Registry (NCR) has generated N1.264 trillion credit to the micro, small and medium enterprises (MSMEs) and individuals in the nation’s economy within two years, its Registrar, Mohammed Mainasara, has said. The NCR, a creation of the apex bank’s Development Finance Department in collaboration with the International Finance Corporation (IFC) commenced operation in 2017 following…

The Central Bank of Nigeria (CBN) has tasked stakeholders in the finance industry to scale up their capacity to innovate by developing products that would meet customers’ needs and enhance their capacity in handling transactions.    This charge was made by the Governor, CBN, Godwin Emefiele, represented by Deputy Governor, Financial Systems Stability, Aishah Ahmad,…

United Global Resolve For Peace (UGRFP), a non-governmental organisation, has urged the Federal Government and the Central Bank of Nigeria (CBN) to as a matter of urgency review and reverse the exorbitant charges where Nigerians have to pay for the running of the Treasury Single Account (TSA). The NGO, also demanded that all erring agencies…

The Central Bank of Nigeria (CBN) yesterday took local and international investors by surprise, cutting the 32-month-old Monetary Policy Rate (MPR) by 0.5 per cent to 13.5 per cent...

Worried about the implications of additional tax burden on local producers, the Manufacturers Association of Nigeria (MAN) has urged the Federal Government to harmonize taxes/levies/fees payable by businesses in the country so as to attract more investment that would translate to higher productivity and more tax revenue for the Government in the medium and long…

President Muhammadu Buhari on Monday in Abuja received the report of the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC) with a pledge to review it expeditiously. The PTAC, which was inaugurated on Jan. 9, was mandated to advise the Federal Government on how best to fund, in a sustained…

Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday described as wicked his alleged removal from office. He insisted that he had not received any memo from the presidency directing him to leave.