Tag: CBN
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Nigeria’s External Reserves hit $40.4 Billion
…As CBN injects $210m into interbank market By Joseph INOKOTONG Nigeria’s External Reserves have recorded a giant leap, hitting a new high of $40.4 billion. The development, which would impact favourably on the economy, confirms projection by the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the Annual Bankers’ Dinner of the Chartered…
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CBN, RIFAN to crash rice prices
By Correspondent The National President, Rice Farmers Association (RIFAN), Alhaji Aminu Goronye has assured Nigerians that the market prices of locally produced rice will soon crash explaining that the price of a 50kg-bag of locally produced rice would plummet from N18, 000 to between N6, 500 and N7000 by April 2018. According to him the…
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Emefiele’s Ingenuity Improves Nigeria’s Equity Market – CNN
By Our Correspondent with agency reports The ingenuity of Governor Godwin Emefiele, the head of the Central Bank of Nigeria, CBN, in the management of the foreign exchange market helped notch Nigeria’s stock market to be amongst the five (5) top performers in 2017, topping equities markets of most major European, Middle Eastern and Asian…
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BASG Partners CBN to Create 10,000 Jobs
By Sule Aliyu, Bauch Following the successful implementation of the massive Rice Farming scheme under the Anchor Borrowers programme, Bauchi State Government has gone into collaboration with the Central Bank of Nigeria’s Accelerated Agricultural Development Scheme that seeks to provide 10,000 jobs to unemployed youth. According to a Press Statement signed by Press Secretary to…