CBN’s AGSMEIS loan disbursement: North-Central gets N18.29bn

Nigeria ‘s North-Central geo-political zone received N18.29 billion, the highest, from the N66.18 billion Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS), as at September 22, 2020, the Central Bank of Nigeria (CBN) said at the weekend. Following is South-South, which got N13.93 billion; South-West, N12.52 billion, and North-West received N9.12 billion. South-East geopolitical zone got…

Just in: CBN cuts MPR to 11.5%

CBN …Calls for urgent fiscal measures to address inflation By Emma Ujah The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent, an indication of a reduction in the cost of funds by 100 basis points. The CBN Governor, Mr. Godwin Emefiele, disclosed this…

Edo 2020: Sensitive materials arrive CBN in Benin

Sensitive materials for the conduct of Saturday’s governorship election in Edo arrived the Central Bank of Nigeria (CBN), office in Benin on Wednesday. READ ALSO: Edo 2020: Ganduje seeks Arewa community for Ize-Iyamu Mr Timidi Wariowei, the INEC Head of Voter Education and Publicity in Edo, confirmed the arrival of the materials to newsmen. “The…

CBN targets 2.5m jobs with housing fund

The Central Bank of Nigeria (CBN) has introduced a family homes financing initiative, which, according to the apex bank, is aimed at creating 2.5million direct and indirect jobs. The apex bank, which stated this in the guidelines for the implementation of the initiative it released yesterday, said that the construction finance facility was introduced to…