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...

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...

Senate Queries CBN Over $3.3bn Unremitted Foreign Tax     The Senate has queried the Central Bank of Nigeria over alleged unremitted $3.3bn from the $21.3bn collected by the Federal Inland Revenue Service as foreign tax in 2015. The Public Accounts Committee of the red chamber issued the...

CBN Launches Programmes To Tackle N1.3trn Food Imports   The Central Bank of Nigeria says it is currently implementing various intervention programmes that will catalyse funding to critical sectors of the economy such as agriculture and manufacturing. The CBN Deputy Governor, Corporate Services, Mr Edward Adamu, said...