Good News For Agro-Entrepreneur As Ecobank, NIRSAL Signs MoU on Agric Financing

Lagos, July 18, 2019 – Ecobank Nigeria Limited and Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Understanding (MoU) signalling the beginning of a collaboration between both institutions on agri-business financing and the development of products that will support lending to actors in the agricultural…

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2019: CBN to raise N1.8tn from treasury bills sale Q1

The Central Bank of Nigeria plans to raise a total of N1.809tn from the debt market, in the first quarter of 2019, The Cable reported on Thursday. This is according to data contained in the Nigerian Treasury Bills Issue Programme for the first quarter of 2019, posted on the bank’s…

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CBN Bans Spraying of Naira Notes; Defaulters To Be Jailed Or Pay 50k Fine.

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  • Post last modified:October 17, 2018
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        Those who use the Nigerian currency to show off at parties, had better changed their mind as a new directive from CBN says mobile courts are now to summarily try those bastardising the national currency, the naira. The committee said those who “spray” naira notes at…

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The impact of Nigeria’s currency swap deal on SMEs

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  • Post last modified:July 20, 2018
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The Central Bank of Nigeria met exporters, regulators and other stakeholders to enlighten them on the details of the $2.5 billion currency deal between the CBN and the People’s Bank of China on Wednesday. But how will this deal impact small and medium enterprises in the country? Listen to Chizoba…

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CBN begins disbursement of N26bn agribusiness fund to MSMEs

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  • Post last modified:April 16, 2018
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The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced  disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the first set of beneficiaries. The CBN Governor, Mr Godwin Emefiele at the inauguration of the scheme in Abuja, said that…

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Bankers’ Committee Reprices N26bn Agric SME Fund, Targets Artisans

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  • Post last modified:December 11, 2017
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The Bankers’ Committee, an umbrella body of Central Bank of Nigeria’s (CBN) officials and managing directors of deposit money banks (DMBs), has adjusted the pricing and disbursement of the special N26.4 billion agric fund it unveiled early this year. Godwin Emefiele, CBN governor, disclosed this on Sunday while briefing newsmen…

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CBN’s MSME Fund Boost Activities in Enugu

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  • Post last modified:October 3, 2017
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The Central Bank of Nigeria (CBN) has expressed satisfaction with the management of the N2billion micro, small and medium scale enterprises development fund (MSMEDF) loan to Enugu State by Governor Ifeanyi Ugwuanyi. The Deputy Director of the Development Finance Department of the apex bank, Mr. Osita Nwanisiobi spoke when he…

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CBN, banks bicker over slow disbursement of SMEs funds

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  • Post last modified:September 26, 2017
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The Central Bank of Nigeria (CBN)  and lenders involved in the disbursement of N220 billion Small, Medium Enterprises (SMEs) funds to small businesses have traded blames over the slow pace of the disbursement of the funds. The Group Head, Specialised SMEs of Fidelity Bank, Mr Ndubuisi Onuoha blamed the CBN…

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NAIRA DEPRECIATES MARGINALLY AGAINST DOLLAR

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  • Post last modified:September 22, 2017
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The Naira on Thursday depreciated marginally against the dollar at the parallel market, exchanging at N365.5 to the dollar.The News Agency of Nigeria (NAN) reports that the Nigerian currency lost 50 kobo from N365 posted on Wednesday, while the Pound Sterling and the Euro closed at N487 and N436. At…

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