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NEXIM Bank To Disburse $1Bn To Nigerian Exporters, Others
Posted on Author Omotola Collins
The Nigerian Export-Import Bank (NEXIM Bank) is set to provide credit facility to Nigerian exporters following its $1 billion trade facilitation pact with the African Export-Import Bank (AFREXIM Bank) for Nigeria and other West African countries. The signing of the Memoradum of Understanding was formalized during the inaugural Intra-African Trade Fair in Cairo, Egypt. A […]
CBN Supports Inter-Bank Forex Market With $210Mn
Posted on Author Omotola Collins
The Central Bank of Nigeria (CBN) today intervened in the interbank segment of the nation’s foreign exchange market with $210 million to boost the market’s liquidity and by so doing, meeting customers’ needs in the market. Available statistics on the intervention indicated that the apex bank provided $100 million for the authorized dealers in the […]
Buhari Gives Minister 7-Day Deadline To Submit Performance Report
Posted on Author Omotola Collins
President Muhammadu Buhari on Wednesday directed ministers in his cabinet to submit status reports on policies, programmes and projects being implemented by Ministries, Departments and Agencies (MDAs). The directive, which was given through a circular to this effect issued by the Secretary to the Government of the Federation (SGF), Boss Mustapha, also requested members of […]