WorldRemit Supports CBN’s Extension Of Naira-4-dollar Scheme       WorldRemit, a global cross-border payments company, has expressed support for the Central Bank of Nigeria’s decision to extend the deadline of the Naira-4-Scheme that was introduced in March this year. The CBN had on May 6 announced that it...

Trade Deficit Increases To $2.51bn After Border Reopening         Nigeria’s exports declined while imports increased in January despite the opening of the land borders. Nigeria’s trade deficit rose from $1.69bn in December 2020 to $2.51bn as of the end of January 2021 despite the reopening of the...

CBN Extends Naira-4-dollar Deadline To Boost Remittances       The Central Bank of Nigeria has extended indefinitely its ‘Naira 4 dollar scheme’ earlier scheduled to end on May 8, 2021. It disclosed this on Thursday in a circular to all Deposit Money Banks, International Money Transfer Operators and...

CBN Vows To Resist Maize Importation     The Central Bank Governor, Mr Godwin Emefiele, has said the bank will oppose all attempts to continue importation of maize into the country. In a statement titled ‘Emefiele woos youths to embrace agriculture’, the CBN boss said, “The CBN would...

Foreign Direct Investment Dipped By $30m In January – CBN       Foreign Direct Investment dipped by 33.3 per cent which amounted to $30m in January, latest statistics obtained from the Central Bank of Nigeria revealed on Wednesday. According to figures obtained from the CBN’s January report on...

We’re Ready To Fund Farmers, Artisans - CBN       The Central Bank of Nigeria has called on farmers, artisans, traders and others in Anambra State to maximise the funding opportunities which the bank has made available for them to expand their businesses. Branch Comptroller of the bank...