In line with its commitment to sustain and deepen flexibility in the foreign exchange market to further enhance foreign exchange flow in the economy, the Central Bank of Nigeria (CBN) on has intervened in the inter-bank Foreign Exchange Market with the total sum of...

The Central Bank of Nigeria has wielded the big stick on 16 Deposit Money Banks as it stopped them from participating in the Small and Medium-scale Enterprises window of the foreign exchange market. The apex bank said this in a statement issued by its Acting...

As the nation continues to wallow in recession, stakeholders, including the Emir of Kano, Muhammadu Sanusi II, have highlighted the need to focus on addressing the issues that pushed the economy into the crisis. Sanusi, alongside the Osun State Governor, Rauf Aregbesola; and the Senate...

The Nigerian Export-Import Bank (NEXIM) has described the Central Bank of Nigeria (CBN)’s Export Stimulation Facility (ESF) initiative aimed at encouraging entrepreneurs in the export sector as a positive step in the right direction. The ESF was established to support the diversification of the economy...

First Bank of Nigeria Limited has partnered the Nigerian-British Chamber of Commerce to jointly host a Micro, Small and Medium Enterprises workshop to focus on the fundamentals of building a sustainable business. According to a statement by the lender, the two-day workshop holding this week...