The Central Bank of Nigeria has advised banks and Bureau de Change operators on the need to sensitise their customers to the cash-less policy. According to the News Agency of Nigeria, a Deputy Governor in CBN, Mr. Tunde Lemo, told the audience at a stakeholders meeting recently to update their […]
World News
CBN Earmarks 60% of N220 billion SME Fund To Women
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Friday announced the allocation of 60 percent (60%) N132.00 Billion of N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) to women in Nigeria. This is contained in the released guidelines for the operation of MSMEDF for Nigeria […]
External reserves rise to $47bn
The nation’s external reserves are on the rise again. It has hit $47.1bn, according to the latest report from the Central Bank of Nigeria. Last week, the foreign reserves dropped by $1.8bn from the peak of $48.85bn on May 2 to $46.98bn on August 5. The external reserves, however, rose […]
