By Emeka Ejere The Central Bank of Nigeria said another recapitalisation of the nation’s banking sector has become imperative as the depreciation of the naira between 2004 when the last…
Read More Why fresh banks’ recapitalisation has become imperative –CBNCategory: Economy
External reserves stand at $45bn as at June – CBN
The Central Bank of Nigeria (CBN) on Monday disclosed that the country’s external reserves now stand at 45 billion dollars as at June, 2019. The CBN Governor, Mr Godwin Emefiele,…
Read More External reserves stand at $45bn as at June – CBNUPDATED: CBN Gov unveils 2019-2024 policy direction
The Governor of Central Bank, Godwin Emefiele, on Monday presented the Monetary Policy roadmap for his 2019-2024 new term in office. Making the presentation at the CBN headquarters for the…
Read More UPDATED: CBN Gov unveils 2019-2024 policy directionOil prices rise on US-Iran concern
Oil prices extended gains Monday as rising US-Iran tensions fuelled supply concerns, while Asian equities also edged up ahead of a crunch meeting between Donald Trump and Xi Jinping this…
Read More Oil prices rise on US-Iran concern
Ecobank partners NIRSAL, to invest N70 bn in Agric financing
In line with Central bank’s directive that banks provide more funding to the agriculture sector, Ecobank Nigeria has entered into a strategic partnership with the Nigeria Incentive-Based Risk-Sharing System for…
Read More Ecobank partners NIRSAL, to invest N70 bn in Agric financing