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Nigeria Targets Single Digit Inflation By 2020

The Federal Government has reiterated its determination to bring down the inflation rate to a single digit by 2020, the Minister of Budget and...

DFID’s, Pind’s Study Supports CBN Naira Devaluation, Import Ban On Agric...

The United Kingdom (UK) Department for International Development (DFID)’s Market Development (MADE) Programme and a non governmental organisation, Foundation for Partnership Initiatives ( PIND)’s...

Naira Remains Stable At N368 Per Dollar

The naira on Thursday remained steady on the foreign exchange markets. This comes as good news for the country, which has battled with the drop...

Nigeria Targets $10bn From Yam Export In 4 Years –Ogbeh

Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has disclosed that Nigeria has developed a blueprint to earn at least $10.0 billion annually...

Cassava Bread Initiative Can Generate N255bn Annually

The Association of Master Bakers and Caterers of Nigeria says the revival of the cassava bread initiative is capable of injecting about N255 billion...

Naira Gains Seven Points Against Dollar After CBN Intervention

The Naira on Tuesday appreciated to N363 per dollar in the parallel market. Naira dropped to N363 per dollar from N370 per dollar on Monday...

Budget: Stakeholders Urge FG to Allocate 10% To Agriculture

Participants of the Stakeholders Consultative Meeting on 2018 Agriculture Budget have urged the Federal Government to allocate 10 per cent of the nation’s annual...

Naira Appreciates To N380/$ As External Reserves Hit $30.5bn

The Naira appreciated to N380 to a Dollar yesterday as the nation’s external reserves dropped to $30.5 billion. The naira appreciated by N1.00 from...

5 Banks Contribute N245.8bn To CBN’s Real Sector Support Facility

In a move to towards increasing credit to priority sectors of the nation’s economy, Zenith Bank Plc, United Bank Plc and three other commercial...

CBN Releases List Of 36 Items Valid For Access To Forex

The Central Bank of Nigeria yesterday released list of 36 items valid for access to foreign exchange in the foreign exchange market. In a circular...

We’ll Use Food Exports To Pay Debts — FG

The Federal Government said foreign exchange revenue from agric produce export will be used to pay the nation’s debts. Minister of Agriculture and Rural Development,...

CBN Injects $388m As FCMB Increases Sales To SMEs

The Central Bank of Nigeria (CBN) has released an additional sum of $388.66million to ease pressure on the naira, stimulate business activities and make...

Banks Begin Five Per Cent Contributions To SMEs

The five per cent banks contributions from their profit after tax, tagged Agriculture/SMEs Fund (AGSMEs Fund) has taken off. The banks, through the Bankers Committee,...

Naira Closes At 390/Dollar As CBN Sells $100m

The naira depreciated from 388 per United States dollar on Wednesday to 390/dollar on Thursday as the Central Bank of Nigeria continued to intervene...

We’ve Enough Dollars For End Users, —CBN

The Bankers Committee of the Central Bank on Thursday declared that there was adequate stock of foreign exchange to sustain the spate of dollar...

Nigeria Targets 3m Jobs, $88bn Investments

The federal government hinted yesterday that financial services within Nigeria’s digital economy will create over 3 million new jobs and add $88 billion asset...

CBN’s Sectoral Forex Strategy Naira

Effects of sectoral foreign exchange interventions by Central Bank of Nigeria (CBN) may have started emerging as naira appears stabilising against major currencies, especially...

Boko Haram Conflict Cuts Nigeria Wheat Crop As Farmers Flee

Wheat growers in Nigeria’s northeast have abandoned their farms under the onslaught of the Boko Haram Islamist insurgency, a setback for the country’s efforts...

Naira Shortage Forces Banks To Boycott CBN Dollar Sale

Deposit Money Banks lacked naira liquidity to bid for the $100m offered for sale by the Central Bank of Nigeria on Thursday. Findings showed that...

CBN To Sustain Forex Intervention, Releases Fresh $418m

The Central Bank of Nigeria on Sunday vowed to sustain its intervention in the foreign exchange market to ensure liquidity in that segment of...

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