620,000 Jobs Created As CBN Releases N44bn To CTG Sector       Over 620,000 direct and indirect jobs were created in two years as a result of the Central Bank of Nigeria’s (CBN’s) intervention in the Cotton, Textile and Garment (CTG) sector. CBN Governor Godwin Emefiele made this...

CBN To Fund One Million Hectare Rice Farming       Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said the CBN was targeting to fund farmers to cultivate at least one million hectares of farms in the 2020 dry season farming in the...

We Must Discontinue Dependence On Crude Oil For Public Revenue, Forex — Emefiele         The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue heavy dependence on crude oil to guarantee public revenue and foreign...

Naira Plunges To 475 As Dollar Demand Rises         The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell...

CBN MPC members Express Worry Over High Demand Pressure In Forex         Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign exchange market. The MPC members voiced their concerns at the...