CBN Injects N611.5 Commercial Farmers Received N611.5bn - CBN

The Central Bank of Nigeria (CBN), in its annual economic report, has on Monday, 30th December 2019 disclosed that the total amount disbursed to farmers under the Commercial Agriculture Credit Scheme (CACS) since its inception in 2009 rose to N611.5bn as of the end of November 2019.

Nigerians Applaud CBN Slash On Bank Charges

The Nigerian bank customers have today Monday applauded the Central Bank of Nigerian (CBN) Move-in slashing various bank charges. A cross-section of bank customers who has interaction with the News Agency of Nigeria (NAN) in Abuja has described the move by the CBN as the right move in the right direction.

The Presidency on Sunday said the President, Muhammadu Buhari (retd.), was backed by law to return any portion of the 2020 budget that required reworking to the National Assembly. The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Babajide Omoworare who made this known while speaking with newsmen in Abuja noted that the budget was “good enough”, having come from a collaborative effort by the Executive and the National Assembly, stressing however that it was not “100 per cent perfect.”

$30bn Loan: Why Senate Had To Approve It – Adeola

The Chairman Senate Committee on Finance, Senator Olamilekan Adeola has on Thursday cleared the air on why the red chamber deemed it fit to approve the $30 billion loan for the federal government.

CBN Reviews ATM Withdrawal Fee From N65 to N35

The Central Bank of Nigeria (CBNon Sunday reviewed downwards withdrawal fees usually charged after the third withdrawal from Automated Teller Machines within the same month.

The Registrar and Chief Executive officer of the Nigeria Institute of Animal Science (NIAS), Prof. Eustace Iyayi has disclosed that since the border closure with the Nigeria Neighbouring countries, the poultry industry has saved about N50 billion from October to date. According to the NIAS boss, the multiplier effect of the border closure has reflected in the value chain of poultry production a surge, especially when supply of inputs, storage facilities, transportation and value addition in the industry is considered.

Ministerial Taskforce on Power Inaugurated in Nigeria

A Ministerial Taskforce on Power has been inaugurated in Nigeria as a way of achieving the fight for increased and sustainable power supply in the country. The Minister of Power, Sale Mamman who inaugurated the Taskforce in Abuja, said the setting up of the Taskforce was as a result of the Government’s plan to accelerate the pace of reforms in the sector and increase power output and availability in the short and long term.

Oil prices rose on Thursday following optimism of a breakthrough in the U.S-China trade agreement as well as OPEC+ decision to cooperate with OPEC on supply cuts. The Brent Crude rose by 0.4 per cent at $67.48 per barrel, while West Texas Intermediate climbed by 0.4 per cent at $61.36 PB.

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