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CBN Backs Lagos Rail Project With N60bn Fund

CBN Backs Lagos Rail Project With N60bn Fund   The Central Bank of Nigeria has said it is supporting the Blue Rail Line project in Lagos with N60bn intervention fund. The Director, Development Finance, CBN, Yusuf Philip, disclosed this in Lagos on Thursday, during an inspection of...

Agric Intervention: CBN Warns Banks Against Funds Diversion

Agric Intervention: CBN Warns Banks Against Funds Diversion         The Central Bank of Nigeria has warned banks participating in the Private-Sector-led Accelerated Agriculture Development Scheme against diverting the intervention funds meant for agro-processors and others. The CBN gave the warning in its guidelines for the scheme which...