The Monetary Policy Committee, MPC, of the CBN increased Monetary Policy Rate, MPR, from 14 per cent to 15.5 per cent on Tuesday to tame inflation. The committee had increased the MPR by a...
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4 Minutes
1 Minute
CBN Anchor Borrowers Programme Spreads To Ogun commodity farmers
The Central Bank of Nigeria (CBN) has declared its readiness to give more support to members of the Ogun Famers and Commodity Association in its Anchor Borrowers Programme. The CBN governor, Godwin Emefiele, stated...
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4 Minutes
Report: Agric budgets hit N874.83bn, food imports gulp N7.81tn
The Federal Government budgeted about N874.83bn for the Federal Ministry of Agriculture and Rural Development from 2016 to 2021, whereas the imports of agricultural goods into Nigeria during same period were estimated at N7.81tn,...
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1 Minute
Naira to dollar stable at official forex market
Naira recorded no movement against the U.S. dollar at the official market on Friday, a day after top officials of two government agencies met to resolve the foreign exchange crisis in the country. The...
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1 Minute
UPDATED: Naira crashes again at Investors, Exporters window
Naira, the Nigerian currency on Friday depreciated against the dollar at the Investors and Exporters window, exchanging at N429. The figure represented an increase of 0.66 per cent compared with the N426.20 it...
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1 Minute
Buhari Unveils ‘New NNPC’
President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a commercial oil company, limited by...
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1 Minute
Foreign exchange: Naira hits 620/$ at parallel market
THE naira, on Thursday, fell to N620 per dollar at the parallel market amid the lingering scarcity of the greenback. The figure represents a depreciation of N5 or 0.8 percent from the N615 it...
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5 Minutes
Osun Economy: Oyetola flags off disbursement of N300million ‘soft loans’ to Entrepreneurs
… presents free C.A.C certificates to small scale entrepreneurs …as 5,000 beneficiaries receive micro credit facilities Osun State Governor, Adegboyega Oyetola, on Wednesday flagged off the disbursement of N300,000,000 micro credit facilities to citizens....
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1 Minute
1 USD to NGN – Nigerian Nairas To US Dollars Exchange Rate
The Naira exchanged at N418.50 to the dollar at the Investors and Exporters window on Thursday, 28th April, 2022, a -0.20 per cent appreciation, compared to 419.33 to the dollar on Wednesday. The open...
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2 Minutes
FG okays N853m to engage consultants for Ajaokuta steel company concession
The federal government says it has approved N853.25 million to engage consultants for the concession of the Ajaokuta Steel Company and national iron ore complex, Itakpe, Kogi state. Lai Mohammed, minister of information and...
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