The Central Bank of Nigeria, CBN-Anchor Borrower programme is intending to improve cotton production from 80,000 tonnes produced in 2018 to over 300,000 tonnes by 2020.
This is a good move, if sustained it will go a long way in reducing unnecessary pressure on naira due to importation of finished textile products, arrest unemployment and most importantly reactivate the northern economy and Nigeria as a whole...
Good thinking.
We've finally woke up
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Ochei: Winning Daily Trust President Cup is next Target – Daily TrustThe grand finale of the Daily Trust President Cup is fixed for June and the nation’s number one golfer, Ochei Odoh is already targeting this event as one of his many wins. Odoh in a rare at the pavilion of the IBB Golf Club said it had been a while he last participated in a …
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CBN reiterates pledge to empower women, others – Daily TrustThe Central Bank of Nigeria (CBN) has reiterated its commitment to the economic empowerment of micro-entrepreneurs, including women, through microfinance institutions. The CBN Governor, Mr. Godwin Emefiele, said this recently in Gombe at the 27th Seminar for Finance Correspondents and Business Editors.ADVERTISEMENT The theme of the seminar was: “Repositioning Micro-Finance Banks for Real Sector Growth”. …
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We don’t print naira notes abroad – CBN – Daily TrustThe Central Bank of Nigeria (CBN) has disclosed that it no longer prints the naira notes abroad as all currencies are printed by the Nigeria Security Printing and Minting Company (NSPMC). The Director of Currency Operations of the CBN, Mrs. Prinscilla Eleje, disclosed this at the launch of the “Clean Note Policy and Bank Note … Nigerians, wait for inflations then! Then why can't we have new 100naira notes ? Very good but wished no subsequent hardship
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CBN proposes block-chain tech to transform financial system – Daily TrustThe Financial System Strategy (FSS2020), a project of the CBN, is proposing the use of block-chain technology to transform Nigeria’s financial markets. This was disclosed at the first quarter of its 2019 financial market sector forum with the theme: “Using Block-Chain Technology to Transform Nigeria’s Financial Markets – Regulatory Issues”, on Tuesday in Abuja.ADVERTISEMENT After …
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Semi-finalists emerge at 2019 CBN Junior Tennis tourney – Daily TrustThe top seeds at the ongoing CBN Junior Tennis Championship have qualified for the semi-finals after the final group round-robin decisive matches that took place yesterday in Lagos. In the Girls 16 where four girls – Rebecca Ekpenyong, Omolayo Bamidele, Omolade Aderemi and Favour Moses – have come to regard semi-final places as their birthright, …
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CBN Junior Tennis Championship serves off today – Daily TrustAll is now set for the 13th edition of the CBN Junior Championship to serve off at the National Stadium Tennis Centre in Lagos today April 30. The tournament which is featuring four age groups – boys and girls 10s, 12s, 14s and 16s – has played a major role in attracting, identifying and developing …
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CBN Junior Tennis Championship serves-off with upsets – Daily TrustThe 13th edition of the Central Bank Junior Tennis Championship served off at the National Stadium, Surulere yesterday, with two major upsets in the boys’ 10 category. David Edwards, 9, the number one seed in the boys 10 and younger brother of Marylove – Nigeria’s future tennis hope – was given a rude shock by …
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Forex: CBN intervenes with $271.83m, CNY41.14m – Daily TrustThe Central Bank of Nigeria (CBN), on Friday, made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $271.83 million and CNY41.14m. The Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, also confirmed that CNY41.14m was for payment of Renminbi-denominated Letters of Credit for agriculture, as well as …
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Daily Times appoints Aliu Akoshile as MD/Editor-in-Chief – Daily TrustFolio Communications Limited, publishers of Daily Times titles, have appointed Aliu Moyosore Akoshile as Managing Director/Editor-in-Chief. The board of Folio Media Group, the holding company for the conglomerate, in a statement, said the appointment was with effect from May 1, 2019.ADVERTISEMENT The group said Mr. Akoshile who is an accomplished media executive with experience in …
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Samson Usman: Inside the daily struggles of a Nigerian worker – Daily TrustAs Nigeria celebrates workers day today, Daily Trust looks at the work life of Samson Usman, an office assistant in Adamawa State. He is hopeful that his condition will improve with the new minimum wage law. ADVERTISEMENT Samson Usman has spent the last 30 years working as messenger at the Adamawa Press Limited (APL), publishers …
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Army wants Dr Mohammed probed over claims on Boko Haram daily welfare – Daily TrustThe Nigerian Army says it is taking steps to report Dr Sidi Ali Mohammed, a member of Presidential Committee on the North East Initiative (PCNI), to appropriate authority over his knowledge on Boko Haram welfare. The spokesman of the army, Col. Sagir Musa made this known in a statement on Wednesday.ADVERTISEMENT Musa was reacting to …
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