Against the background of worsening unemployment in the country, last Tuesday’s stakeholders’ meeting of the Cotton, Textile and Garment (CTG) associations in Abuja offered the Central Bank of Nigeria (CBN) an opportunity to show how, with its support, the CTG sector has created hundreds of thousands of jobs in the last two years, writes TONY […]
The Central Bank of Nigeria so far has injected over N2.32trillion into key sectors of the economy to drive growth and development. Beneficiaries of the various interventions of the apex bank are millions of ordinary Nigerians and households as well as small and large businesses which have helped in job creation. BAMIDELE FAMOOFO writes. A […]
The Central Bank of Nigeria (CBN) has said the intervention programme by the bank to boost the country’s agriculture sector has not been lopsided just as it has so far disbursed over N300 billion via the Anchor Borrowers’ Programme to various companies operating in the southern parts of the country. CBN Governor, Mr. Godwin Emefiele, […]
The banking industry has recorded steady drop in Non-Performing Loans in recent times despite increasing lending to boost productivity in key sectors of the economy. The success achieved so far has been attributed to proactive measures taken by the Central Bank of Nigeria to tackle the menace bad of loans threatening the stability of the […]
Again, the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has charged aspiring and existing farmers who need facilities for small-scale farming and food processing to key into the bank’s intervention schemes in order to address the challenge of rising food demand. TAIWO HASSAN reports Indeed, recently released headline inflation rate of 18.17 per cent […]
Recent success stories in Nigeria’s Financial Technology (Fintech) sector show that the Central Bank of Nigeria (CBN) was justified in spearheading the Creative Industry Financing Initiative (CIFI), writes TONY CHUKWUNYEM Thriving sector In a report on Nigeria’s fintech sector released in September last year, the worldwide management consulting firm, Mckinsey & Company, stated that “a […]
Finance Experts and analysts have warned that the nation’s economy could slip back into recession if the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, insists on sub national governments – the states- paying back the $2.1 billion Budget Support Facility (BFS), which the apex bank advanced them between 2016 and 2017 to cushion […]
As the farming season begins, the Central Bank of Nigeria (CBN) is insisting that its various interventions under the Anchor Borrowers’ Programme (ABP) are meant to reduce food inflation and improve economic growth. TAIWO HASSAN reports With the National Bureau of Statistics (NBS) reporting headline inflation rate of 17.33 per cent for February, agric stakeholders […]
With the crime rate in the country at record high, the Central Bank of Nigeria (CBN) is spearheading efforts to facilitate the creation of long term, productive work for Nigerian youths writes TONY CHUKWUNYEM National Bureau of Statistics (NBS) disclosed in a report released on March 15 this year that Nigeria’s unemployment rate jumped to […]
he Chief of Army Staff, General Ibrahim Attahiru and the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, refused to honour the invitation from the House of Representatives’ adhoc committee investigating the purchase of arms and ammunition for the military and paramilitary in Nigeria. Members of the panel had, on March […]