The Governor of the Central Bank of Nigeria (CBN) has called Nigerians to support the implementation of its Produce, Add Value and Export (PAVE) initiative in view of its benefits to Nigerians and the economy. Emefiele, who made the call in his opening remarks on Thursday at the ongoing the 32nd Seminar for Finance Correspondents […]
The Central Bank of Nigeria (CBN) on Monday retained the Monetary Policy Rate (MPR) at 11.5 percent, and also left other lending parameters unchanged as global economic uncertainties, including the Russia-Ukraine triggered disruptions, continue to mount with attendant negative implications for national economies. The decision of the committee was taken at the end its g […]
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday disclosed that the apex bank had issued gender-mandated regulations to pave way for gender diversity and inclusiveness at the top management levels in the Nigerian banking industry, This is even as he declared that the CBN had also surpassed the affirmative action with […]
The Central Bank of Nigeria (CBN) today announced an initiative tagged ‘RT200 Programme’ to stimulate non-oil exports with a $200-billion FX income target in the next three to five years. The CBN Governor, Godwin Emefiele, told journalists at the end of the Bankers’ Committee Meeting in Abuja that the initiative was required to address the […]
The Central Bank of Nigeria (CBN) has disclosed that its foreign exchange policies, particularly the ‘Naira 4 Dollar Scheme’ have led to exponential boost in diaspora remittances into the country in the past one year. The CBN Governor, Godwin Emefiele, made this disclosure at a special press briefing at the end of the Bankers’ Committee […]
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday urged rice millers in the country to embrace the apex bank’s backward integration initiatives aimed at conserving the nation’s foreign exchange reserves and creating jobs in the country. The banking industry regulator was quoted in an information posted on the bank’s website […]
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, announced on Monday that 28 companies that scaled through the screening process for the 100 for 100 Policy for Production and Productivity (PPP) would be supported with N23.20 billion to execute their projects under the first phase of the policy. Emiefele, who made this disclosure […]
President Muhammadu Buhari has on Thursday commissioned the new BUA three million metric tonnes capacity line 4 cement plant in Sokoto. Shortly after the commissioning of the line 4 plant, the President, who was accompanied by the Governor of Sokoto State, Rt. Hon. Aminu Waziri Tambuwal, was taken on a tour of the plant by […]
At the end of its two-day meeting in Abuja on Tuesday, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retained the Monetary Policy Rate at 11.5 percent and also left other monetary policy parameters unchanged as part of its efforts to sustain the nation’s economic recovery in the months ahead. Briefing […]
The Central Bank of Nigeria (CBN) has earmarked N41 billion, which is being disbursed by Heritage Bank Plc to farmers across some states, for the expansion of wheat production in a bid to meet high demand amid poor production capacity of wheat farmers nationwide. The disbursed fund is to consummate the expansion of Wheat Seed […]