The CBN Governor, Godwin Emefiele, disclosed this at a news conference after a meeting of the Bankers Committee on Thursday.
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The country’s Central Bank confirmed this Tuesday.
The Central Bank of Nigeria Governor said this at the inauguration of the Garewa Rice Mill in Kano, Kano State on Tuesday.
This was unveiled in a statement by Chibuzo Efobi for the Director, Financial Policy and Regulation Department of the bank.
This development was announced in a circular by Chibuzor Efobi for the Director of Financial Policy and Regulation Department.
Emefiele spoke after presenting the outcome of the two-day Monetary Policy Committee meeting on Tuesday in Abuja.
The apex bank made the disclosure in a circular issued to all authorised dealers and the general public on Friday.
The mega rice pyramids project is a collaboration of the country’s apex bank and the Rice Farmers Association of Nigeria.
It also faulted the premise on which a non-governmental organisation, Transparency Nigeria Group, asked the CBN to remove its MD/CEO
The central bank’s involvement in FirstBank is essentially about playing the role of the regulator. CBN’s intervention has been in the best interest of the bank’s stakeholders and its performance; aimed at restoring confidence in the bank as well as to reassure the depositors, creditors and other stakeholders of the bank of its commitment to ensuring the stability of the financial system.
This was revealed by the Publisher and Editor-in-Chief of the newspaper, Austyn Ogannah, in a statement on Saturday.
In time past, monthly income earners – especially bank customers – were unable to have quick access to personal loans to meet their immediate financial needs due to the stringent conditions.
Emefiele told journalists at the end of the two-day annual bankers’ committee retreat on Wednesday in Lagos State.
Emefiele gave the advice at the 12th Annual Bankers Committee retreat, with the theme: “Building Resilience for Economic Growth.”
The Bank will register the farmers with the Lagos Commodities and Futures Exchange for successful disbursement.
The Managing Director, LCFE, Akin Akeredolu-Ale, disclosed this in a statement while addressing commodity ecosystem operators in Lagos.
Rising from its meeting in Abuja on Saturday, the NYM also chided the EFCC over what they called unending regime of media trial
Emefiele made the disclosure at the 56th Chartered Institute of Bankers of Nigeria Annual Bankers Dinner, on Friday.
Emefiele said this at the 56th Chartered Institute of Bankers of Nigeria Annual Bankers Dinner in Lagos on Friday.
He disclosed this at the 56th Chartered Institute of Bankers of Nigeria Annual Bankers Dinner on Friday in Lagos.