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Business and Economy

FX market: Experts urge CBN to deepen market reforms

FINANCIAL analysts have told the  Central Bank of Nigeria to move beyond the stoppage of sales of dollars to the Bureau De Change Operators,...

FX supply: CBN directs commercial banks to set up teller points

THE Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches to facilitate the sale...

Down! Down! Down! goes naira at N522/$

NAIRA weakened by 3.4 per cent at Lagos parallel markets on Wednesday afternoon, a day after the Central Bank of Nigeria (CBN) announced a...
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COVID-19: BudgiT reveals N1.1bn earmarked for 50,000 rural women found in 17 personal accounts

A CIVIL society organisation with speciality on good governance financing and budgeting system, Budgit, has revealed that N1.1 billion targeted at 50, 000 rural...

Nigeria’s economy crawling from impact of COVID-19 as insecurity, inflation worsen food crisis

NIGERIA’s fragile economic situation has been worsened by the negative impact of the COVID-19 pandemic. This situation has led to several job losses which have...

Deaths, thorny debts: Inside Nigeria’s largest pig farm where farmers lost billions to African swine fever

FOR Olanrewaju Ajabi, a pig farmer resident in Oke-Aro, Ifo Local Government Area of Ogun State, the year, 2020, will forever linger in her...
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Kogi governor seeks 20% revenue derivation on solid minerals

KOGI State Governor Yahaya Bello is demanding an upward review of the revenue given to states that produce solid minerals.  He wants the allocation...

Anchor Borrowers Scheme and dashed hope of cotton farmers in Adamawa

BASED on his enlistment as one of the beneficiaries of the Central Bank of Nigeria, CBN’s Anchor Borrowers Program in Adamawa State for the 2020 wet planting season, James Ezra, had high hopes regarding his new found occupation. He looked forward for a good harvest during the year as a cotton farmer, especially having been enlisted as a member of the National Cotton Association of Nigeria (NACOTAN).

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