Total loans to businesses hit N18.9 trillion in one year
Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020.
Controversy shrouds accountability for monies, materials donated to contain COVID-19
Experts are concerned that monies and materials donated by individuals and companies, to the Federal and State Governments, towards effective containment of Coronavirus disease
Group kicks against Edo goverment’s plan to borrow N20b
A group, Joint Forces for the Defence of Democracy (JOFDES), has appealed to President Muhammadu Buhari and the Central Bank of Nigeria (CBN) Governor, Mr. Godwin, Emefiele, to reject the alleged plan by the Edo State government .....
National Theatre to get N25b facelift as government hands over facility to bankers
The National Theatre, Iganmu is to be turned around with N25 billion via a public-private partnership (PPP), in a two-phased effort.
Markets stagger over CBN’s secrecy on naira devaluation
• Pressure hits external reserves amid sustained forex decline • Experts predict more hardship as import cost rises • Seek multiple foreign exchange sources in agric, solid minerals The Central Bank of Nigeria’s (CBN) handling of the naira devaluation is still shrouded in secrecy, six days after the local currency took about a 5.5 per…
CBN bows to pressure, devalues naira again
The country’s fiscal state faces tougher times as the Central Bank of Nigeria (CBN) bowed to pressure, last week, and further devalued the local currency.
Farmers seek exclusion of ‘impostors’ in CBN’s zero-interest scheme
Nigerian farmers and agricultural scientists have warned that ‘political farmers’ should not be permitted to hijack the Central Bank of Nigeria’s (CBN’s) ‘Agric for Food and Jobs Plan (AFJP)’ and the zero-interest loans meant for smallholder farmers in the frantic efforts
Institutions and the attack dogs - Part 2
There’s a huge campaign of calumny against me and this organisation. Don’t forget that the agricultural agenda of the presidency and the central bank is rubbing a lot of people the wrong way.
A tumbling naira Nigerians cannot bear
In 1980, a foreigner visiting Nigeria could only get N50, 500 in exchange for US$100,000. Forty years later, one would almost require the service of a bullion van to convey the naira equivalent of the same quantity of dollars.