CBN projects 3% GDP growth in 2019

Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, projected that Nigeria’s Gross Domestic (GDP) growth will rise to three percent in 2019 as against 1.93 percent recorded in 2018. In a keynote address delivered at the BusinessDay Post Election Economic Agenda conference in Lagos, Emefiele also said the apex bank will maintain its…

Naira appreciates to N358 in parallel market

The Naira, yesterday, appreciated to  N358 .5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux de change Operators of Nigeria (ABCON), the parallel market exchange rate fell to N358 per dollar yesterday from N360 per dollar the previous week, indicating N2 appreciation for the…

850,000 farmers benefit from Anchor Borrowers Programme – CBN

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said that over 850,000 farmers have benefitted from its Anchor Borrowers’ Programme. Emefiele, who was represented by the Deputy Director, Development Finance Department, CBN, Mr Osita Nwanisobi, said this during a financial inclusion conference as part of events to mark EFInA’S 10th anniversary in…