CBN supports MSMEs across the country with N477 78 billion nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
Economists and financial experts interviewed by Daily Trust expressed mixed feelings about the new policy and its immediate and long term implications.
They predicted a shock that will further shot up the dollar rates at the parallel market, which will stabilise in the long run. They also blamed the CBN for the downside of the expunged practice.
Emefiele also said the CBN will no longer continue registration of new BDCs as subsequent forex will be channelled through commercial banks.
The CBN governor said as part of the new forex sales policy, all commercial bank branches will create a separate desk for the purpose.
CBN Releases $200m to Banks to Quell FX Speculation thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
James Emejo
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, said the country was likely to make significant strides over the next three years in repositioning the agricultural sector for greater growth.
He said the combined efforts of the apex bank and the National Agricultural Land Development Authority (NALDA) in making land and credit available to farmers would further add to the gains so far recorded through the bank’s intervention support in the sector.
The CBN governor, at the inauguration of the maiden integrated farm estate established by NALDA in Daura, Katsina State, described the facility as a milestone achievement, which would catalyse the desired agricultural revolution in the state and the country in general.
Buhari pledges to achieve food security tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.