Ekiti Govt Threatens To Sanction N1.6bn CBN/BOI Loan Defaulters         Ekiti State Government has raised concern on the failure of beneficiaries to repay the about N1.6bn loan from the Central Bank of Nigeria and the Bank of Industry’s matching funds facility. The State Commissioner for Trade in...

CBN Disburses N333.2bn For South-South Projects       The Central Bank of Nigeria has disbursed N333.2bn for various projects in the South-South region to provide funding for activities in different economic sectors. The Governor, Central Bank of Nigeria, Godwin Emefiele, disclosed this on Thursday in Port-Harcourt at the...

CBN Moves To Curb $580m Yearly Cassava By-product Imports       Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of cassava by-products annually. To keep this money from leaving Nigeria, the Central Bank of Nigeria (CBN) has offered to extend funds and...

CBN Plans Digital Currency As Naira Slips To 490/$ At Parallel Market       The naira exchanged to the dollar at N490/$ at the parallel market on Thursday. According to naijabdcs.com, the official exchange rate website of the Central Bank of Nigeria for the Bureau de Change operators,...

N97.5bn Healthcare Intervention Funds Disbursed - CBN       The Central Bank of Nigeria says it has disbursed N97.4bn out of the N100bn credit intervention for the healthcare industry. The CBN disclosed this in the communique issued after the Monetary Policy Committee meeting on Tuesday. It said the intervention...

Experts Fault Naira Devaluation, Say Poverty Level Will Rise       Against the backdrop of the recent devaluation of the naira by the Central Bank of Nigeria, economic and financial experts have said the poverty level in the country will increase. The Economic Confidential had reported on Wednesday...