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During The Sterling Bank-Sponsored Agriculture Summit Africa Event Held In Abuja Recently

L-R: Women Farmers Advancement Network (WOFAN) founder and Executive Director, Hajia Salamatu Garba; Katsina State First Lady, Hajia Hadiza Masari; and the Group Head, Agric Finance and Solid Minerals of Sterling Bank Plc, Mrs. Bukola Awosanya; during the Sterling Bank-sponsored Agriculture Summit Africa event held in Abuja recently.

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AfDB Approves $500,000 Grant For Nigeria’s Sustainable Energy Projects

The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB), has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF) The NEAF is a new private equity fund developed by All On, a Nigerian impact investment company financed by Shell Petroleum Development Company, […]

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Why We Introduced New Monetary Policy Measures – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday made elaborate clarifications on why the apex bank came up with sundry monetary policy measures in recent weeks, saying that the steps are intended to sustain transparency in  financial system transactions, deepen financial inclusion and give the cashless policy a new […]

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CBN Retains 13.5% MPR, Promises To Intensify Financial Inclusion Drive

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting in Abuja on Friday with a decision to retain all the key benchmark interest rates. Specifically, the committee retained the Monetary Policy Rate (MPR) at 13.5 percent and other lending rate indices, including the asymmetric corridor around the […]

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Again, Nigeria To Borrow $2.5Bn From World Bank

Fiscally challenged by dwindling revenue earnings as the volatility of the international oil market continued to great toll on revenue collections nine months into the 2019 financial year,  Nigeria is seeking the World Bank’s support through  concessionary lending of about $2.5 billion. The Bank’s Vice President for Africa Hafez Ghanem, who gave this hint in […]

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CBN Issues AIP To Three Payment Service Banks

The Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs). The three institutions issued approvals in principle to operate as Payment Service Banks are Hope PSB, Money Master PSB and 9PSB. The apex bank, in a statement issued by its Director, Corporate Communications Department of the CBN, Isaac Okorafor, […]

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FIRS Reports N254Bn Liability Of 23,141 Tax Defaulters

The Federal Inland Revenue Service (FIRS) has reported that 23,141 tax defaulters were owing currently N254 billion in tax liabilities. This is even as the Service disclosed that since the commencement of its tax substitution programme for banks, it had recovered over N97.7 billion from tax defaulters. Giving these hints at the 49th Annual Accountant […]

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CBN Releases New Regulation On E-Payments, Collections For Private, Public Sectors

The Central Bank of Nigeria (CBN) has released a new regulatory template guiding all forms of electronic payments and collections for public and private sectors in the country. The apex bank stated that the monetary policy measure, which was taken furtherance of its powers under enabling Act 2007, was a revision of the Guidelines on […]