Business

JUST IN: CBN Introduces New Dollar Scheme

JUST IN: CBN Introduces New Dollar Scheme

Central Bank of Nigeria has introduced “CBN Naira 4 Dollar Scheme” to encourage the increase in inflows of diaspora remittances…
Manufacturing Firms’ Owe Banks N570bn In 2020 – CBN

Manufacturing Firms’ Owe Banks N570bn In 2020 – CBN

Nigerian banks disbursed a total of N570bn to manufacturing firms in 2020 amid economic fallout of the COVID-19 pandemic. The…
CBN Guarantees N122.6bn Agric Loans In 2020

CBN Guarantees N122.6bn Agric Loans In 2020

The Central Bank of Nigeria (CBN), through the Agricultural Credit Guarantee Scheme Fund (ACGSF), guaranteed a total of N122.6 billion…
Nigeria May Earn Additional N318bn Monthly As Oil Rises Above $67

Nigeria May Earn Additional N318bn Monthly As Oil Rises Above $67

The international oil benchmark, Brent crude, rose by over five percent on Thursday as the Organisation of the Petroleum Exporting…
Nigeria, Moroccan Firm Sign Pact To Boost Fertilizer Production

Nigeria, Moroccan Firm Sign Pact To Boost Fertilizer Production

The Federal Government has sealed a deal with the OCP Group of Morocco to establish the second phase of the…
CBN Extends Loans Forbearance By 12 Months

CBN Extends Loans Forbearance By 12 Months

The Central Bank of Nigeria (CBN) on Wednesday announced that it has extended its forbearance on intervention loans by another…
Cattle, Foodstuff Traders End Strike

Cattle, Foodstuff Traders End Strike

Cattle and foodstuffs traders have ended the food blockage as Amalgamated Union of Foodstuff and Cattle Dealers in Nigeria (AUFCDN)…
Budget: UK’s Tax Burden Set To Hit Highest Since 1960s

Budget: UK’s Tax Burden Set To Hit Highest Since 1960s

The United Kingdom’s tax burden is set to increase to its highest since the 1960s after Chancellor Rishi Sunak unveiled…
Oil Up Amid Possibility Of OPEC+ Clinging With Supply Cuts

Oil Up Amid Possibility Of OPEC+ Clinging With Supply Cuts

Oil prices grew for a second straight session on Thursday amid the possibility that OPEC+ producers might decide against increasing…
Food Security: Rice Farmers Target 1m Hectares Cultivation In 2021

Food Security: Rice Farmers Target 1m Hectares Cultivation In 2021

Nigerian farmers are aiming to cultivate one million hectares of rice farms in 2021 to improve the supply of the…
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