Category: Banking

Forex: CBN pumps $210m to lift market

The Central Bank of Nigeria (CBN) on Tuesday opened the foreign exchange market with the injection of another 210 million dollars to sustain liquidity. The acting Director, Corporate Communications Department, CBN, Mr Isaac Okorafor in …

AfDB launches PYAG, targets 25m jobs for youths

The President, African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG), an initiative that will create 25 million jobs. PYAG, launched on the side-lines of the 6th EU-Africa …

Manufacturers urge banks to give long term loans

Mr Wale Adegbite, Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, on Saturday urged commercial banks to give long-term loans to manufacturers to grow the nation’s Gross Domestic Product. Speaking at 10th Business Luncheon of …

CBN spends N6bn on ABU Business School

The Central Bank of Nigeria (CBN) spent about N6 billion to establish a business school in the Ahmadu Bello University (ABU), Zaria, Kaduna. The university’s Vice-Chancellor, Prof. Ibrahim Garba, made this known on Saturday at …