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Alhaji Aminu Goronyo, National President, Rice Farmers Association (RIFAN), says more than 12 million rice farmers will participate in this year’s Anchor Borrowers Programme of the Central Bank of Nigeria (CBN). Goronyo disclosed this to the News Agency of Nigeria (NAN) in Kaduna onThursday, while sensitising rice farmers to the requirements of the new phase…
October 5, 2017
The Naira on Tuesday exchanged at N364 to the dollar at the parallel market as the Monetary Policy Committee (MPC) meeting of the CBN holds benchmark interest rate at 14 per cent. The News Agency of Nigeria (NAN) reports that the MPC left the benchmark interest rate unchanged at 14 per cent, alongside other monetary…
September 26, 2017
Nine banks in the first six months of the year made N59.596 billion from account maintenance charges and electronic banking fees even as customers continue to groan under the several bank charges that are deducted from their accounts. United Bank for Africa, Stanbic IBTC, Access Bank, Guaranty Trust Bank, Zenith Bank, FBN Holdings, Diamond and…
September 14, 2017
Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, the Debt Management Office (DMO) said. The DMO, according to a report on its website said the external debt stock of both the state and Federal governments was N4.6 trillion, while the domestic debt stock of…
September 12, 2017
The Central Bank of Nigeria (CBN) on Monday continued its intervention in the interbank foreign exchange market to the tune of $250million in three segments of the market. In the wholesale segment of the interbank forex market, it sold $100 million and also uplifted the small and medium enterprises (SMEs) and invisible segments, with the…
August 29, 2017
Two years after it commenced the full implementation of the Treasury Single Account (TSA), in its ministries, Departments and Agencies (MDAs), the Federal Government yesterday declared it was yet to audit remittances made to the account with the Central Bank of Nigeria from the TSA. This by implication means that the government does not even…
August 17, 2017
The value of the naira went in different directions at the Investors and Exporters window of the official and parallel market last week as tension between North Korea and the United States impacted the value of the dollar at the international foreign exchange market. Tension between the two countries have over the past weeks heightened…
August 14, 2017
Olamilekan Okeowo with Agency report Zenith International Bank Plc has declared a profit after tax of N75.32 billion for the half year ended June 30. This is available in the company’s half year result released by the Nigerian Stock Exchange (NSE) on Thursday. The report showed that the profit-after-tax increased by 112.35 per cent when…
August 10, 2017
The Central Bank of Nigeria (CBN) has disclosed that a sum of N57.35 billion ($187.7million) was spent by the federal government on debt services/payments between January and June of 2017. The data by CBN however, did not specifically mention if the debt services/payment were used to service treasury bills, bond and eurobond. The breakdown revealed…
August 7, 2017
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Alhaji Aminu Goronyo, National President, Rice Farmers Association (RIFAN), says more than 12 million rice farmers will participate in this year’s Anchor Borrowers Programme of the Central Bank of Nigeria (CBN). Goronyo disclosed this to the News Agency of Nigeria (NAN) in Kaduna onThursday, while sensitising rice farmers to the requirements of the new phase…
October 5, 2017
The Naira on Tuesday exchanged at N364 to the dollar at the parallel market as the Monetary Policy Committee (MPC) meeting of the CBN holds benchmark interest rate at 14 per cent. The News Agency of Nigeria (NAN) reports that the MPC left the benchmark interest rate unchanged at 14 per cent, alongside other monetary…
September 26, 2017
Nine banks in the first six months of the year made N59.596 billion from account maintenance charges and electronic banking fees even as customers continue to groan under the several bank charges that are deducted from their accounts. United Bank for Africa, Stanbic IBTC, Access Bank, Guaranty Trust Bank, Zenith Bank, FBN Holdings, Diamond and…
September 14, 2017
Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, the Debt Management Office (DMO) said. The DMO, according to a report on its website said the external debt stock of both the state and Federal governments was N4.6 trillion, while the domestic debt stock of…
September 12, 2017
The Central Bank of Nigeria (CBN) on Monday continued its intervention in the interbank foreign exchange market to the tune of $250million in three segments of the market. In the wholesale segment of the interbank forex market, it sold $100 million and also uplifted the small and medium enterprises (SMEs) and invisible segments, with the…
August 29, 2017
Two years after it commenced the full implementation of the Treasury Single Account (TSA), in its ministries, Departments and Agencies (MDAs), the Federal Government yesterday declared it was yet to audit remittances made to the account with the Central Bank of Nigeria from the TSA. This by implication means that the government does not even…
August 17, 2017
The value of the naira went in different directions at the Investors and Exporters window of the official and parallel market last week as tension between North Korea and the United States impacted the value of the dollar at the international foreign exchange market. Tension between the two countries have over the past weeks heightened…
August 14, 2017
Olamilekan Okeowo with Agency report Zenith International Bank Plc has declared a profit after tax of N75.32 billion for the half year ended June 30. This is available in the company’s half year result released by the Nigerian Stock Exchange (NSE) on Thursday. The report showed that the profit-after-tax increased by 112.35 per cent when…
August 10, 2017
The Central Bank of Nigeria (CBN) has disclosed that a sum of N57.35 billion ($187.7million) was spent by the federal government on debt services/payments between January and June of 2017. The data by CBN however, did not specifically mention if the debt services/payment were used to service treasury bills, bond and eurobond. The breakdown revealed…
August 7, 2017
