No Dollar Spent On Cement Import In Seven Years, Says Emefiele   The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria has not spent dollars to import cement in the last seven years. A statement from the CBN said he spoke at...

In Six Years, CBN Invested Over N1trn On Farmers – Emefiele   The Central Bank of Nigeria (CBN) has empowered at least 4,489,786 farmers through intervention financing, leveraging its flagship programme, the Anchor Borrowers’ Programme (ABP). The CBN Governor Mr. Godwin Emefiele, disclosed, on Tuesday, this at...

Bank Loans To Govt Increase By 23% In Nine Months, Now N2.1trn   Bank loans to government have risen by 22.59 per cent, hitting N2.17tn as of the end of September 2021 from N1.77tn recorded in December 2020. This represents a N400bn increase within the nine-month period. This...

Fed Govt Spent $1.68bn On Food Imports In Nine Months – CBN   The Federal Government spent $1.68bn on food importation from January to September last year. The Central Bank of Nigeria disclosed this in a report on sectoral utilisation of foreign exchange for the third quarter...

CBN’s Quarterly Forex Intervention Declines By $930m   The Central Bank of Nigeria’s foreign exchange intervention in the economy declined by $930m in the third quarter of 2021 to $4.03bn from $4.96bn in Q2. The CBN disclosed this in its report on the supply of forex for...

Banks’ll Increase Credit To Economy In 2022 - CBN   The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the banking sector will increase access to finance and credit for households in 2022. Emefiele said this recently in Lagos, according to a statement on...