Economy
CBN Promises more Credit Facilities for Youths
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the apex bank’s commitment to provide more loans to the youth. The bank chief urged youths to embrace agriculture, declaring the bank’s readiness to support them that are willing to engage in agriculture. The governor... read more »
Wike Backs Obaseki on N60 Billion New Notes Printing
Governor Nyesom Wike of Rivers State says the claim by his Edo state counterpart, Godwin Obaseki that the Nigerian Government printed about N60 billion to share to the federating units in March cannot be regarded as spurious. The governor has therefore challenged the Central Bank of Nigeria (CBN)... read more »
APC Governors chide Obaseki over N60bn Printing Claim
Governors under the platform of the All Progressives Congress (APC) yesterday ruled Governor Godwin Obaseki of Edo State off the track over his recent allegation that the federal government printed N60 billion to augment the March revenue allocation to states. The governors, in a statement in... read more »
Okonjo-Iweala will drive Global Trade – World Bank
The international financial architecture is ‘skewed in favor of rich and creditor countries’, the World Bank said yesterday. President of the bank, David Malpass exposed the partial state of the architecture at the close of the World Bank/IMF Spring Meetings 2021 Development Committee meeting,... read more »
Ghana Cedi Ranked Best Currency in Africa
Ghana’s legal tender has been ranked the best performing currency in Africa for the first quarter of 2021. It appreciated at 0.6 per cent to the US dollar, bettering some other prevalent 15 currencies in Africa. Among the currencies are the Egyptian pound, Nigerian naira and the South African... read more »
More from Economy
Femi Adesina: Flying on Wings of Gas
By the time we remove hatred, malice, indecent politics, and all the ills that plague our country and its leaderships across different governments, President Muhammadu Buhari would go down... read more »
Buhari, APC Have Failed to Deliver Campaign Promises – Fayemi
Governor Kayode Fayemi of Ekiti has submitted that his party, All Progressives Congress, APC, and President Muhammadu Buhari, have failed to fulfil all their campaign promises to... read more »
CBN Introduces New Charges for USSD Services
The Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said effective Tuesday, customers will pay a... read more »
CBN directs Banks to Start Scan-to-pay System
The Central Bank of Nigeria (CBN) has requested Deposit Money Banks (DMBs) to begin the adoption of the contactless payment service option. The NQR payment solution, launched yesterday on... read more »
Naira Trades at N481/$ at Parallel Market
The naira has further taken a fall at the parallel market by exchanging for N481/$. It exchanged for an exorbitant N412 at the Exporter and Importer forex window. Recall that Nigeria’s apex bank,... read more »
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