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Economy

Revenue Diversification: Nigeria Targets $500m Annually, 250, 000 Jobs From Gold Mining

In a bid to diversify her revenue source, the Federal Government of Nigeria hopes that the reform in the gold mining sector will earn...

Business

How Shortfall In Oil, Non-Oil Revenue Led To N400bn Loss In February- CBN

The Central Bank of Nigeria, CBN has revealed that Nigeria recorded a revenue loss of over N400bn in February 2020 due to shortfall in...

Business

CBN Says Banks Can Now Debit Accounts Of Loan Defaulters In Other Banks By August 1

By Kolawole Ojebisi Starting from August 1, banks will be able to debit the accounts of loan holders in other banks to clear defaults. This was...

Business

FG Targets $20m Annual Revenue, 1m Jobs From Rejuvenated National Arts Theatre

Following the official handover of the iconic National Arts Theatre Complex, Iganmu Lagos, to the Central Bank of Nigeria (CBN) and the Banks under...

Business

CBN’s Policy, FX Issue, Others Threatening Nigerian Banks’ Survival, Stakeholders Cry Out

Stakeholders in the Nigerian banking sector have raised concerns that perceived “unorthodox monetary policy” moves of the Central Bank of Nigeria, CBN, to Foreign...

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CBN Flags Off 2020 Wet Season, Donates Farm Inputs To A/Ibom Farmers

By Akanimo Kufre (The New Diplomat's A/Ibom|C/River Correspondent) The Akwa Ibom state Chapter of Maize Growers, Processors and Marketers Association of Nigeria, (MAGPAMAN) were beaming...

Business

How COVID 19 Crisis Forced CBN To Reduce MPR to 12.50%, Other Metrics Remain Unchanged

*Emefiele Explains Decline in GDP, Sluggish Production Dynamics, Unemployment Rate The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has disclosed that...

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