Central Bank of Nigeria
The National Association of Sorghum Producers, Processors and Marketers of Nigeria (NASPPAM), Kebbi State chapter, in collaboration with Central Bank of Nigeria (CBN) and Keystone Bank, has wet season sorghum inputs to the 2,361 farmers in the 21 local government areas of the state.
The Federal Government’s expenditure in the third quarter (Q3) of 2019 has been put at N1.41 trillion, while its retained earnings settled at N1.03 trillion, resulting in fiscal deficits of N379.68 billion. The earnings also failed the quarterly budget estimate by 28.2 per cent, although it was above receipts in the preceding quarter by 18.3…
To bridge the unbanked gap in the country, and also ensure that those already banked do not lose interest in the sector, the Central Bank of Nigeria (CBN), and Inlaks, a major Financial Technology (FinTech) player, have stressed the need for players in the sector to invest more in people.
Capital market shareholders have condemned the N499 billion fines slammed on 12 commercial banks by the Central Bank of Nigeria (CBN), for breaching the regulator’s directive on lending to the real sector, insisting the move is capable of shrinking the banks’ earnings, and ultimately erode profitability and dividend payout.
Basorun Reuben Olorunfunmi is a former Assistant Director of Central Bank of Nigeria (CBN) and erstwhile Secretary to Lagos State Government, during the Second Republic. He spoke with SEYE OLUMIDE on the achievements and setbacks that trail Nigeria at 59.