#CBN Interventions in Cotton Textile and Garment sector is designed to resuscitate and return the Textile industries back to its glory days, creating jobs, diversifying Nigeria's economy and achieving self-sufficiency in cotton production.
Over N120b invested across CTG value chain with over 320,000 farmers financed between 2016 - 2020 #CBN
Expected output for seed cotton in 2020 is projected to be over 300,000 metric tons #CBN
Enhance production capacity of Ginneries to over 102,000 metric tons of cotton lint which is expected to meet and surpass the cotton lint requirement of our Textile industries #CBN
19 Ginneries resuscitated across the country and more expected to join before the end of 2020 #CBN
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The Central Bank of Nigeria (CBN) on August 27, 2020 revised the Guidelines for the Licensing and Regulation of Payment Service Banks in Nigeria first issued on October 26, 2018
The update and review of the Guidelines for Payment Service Banks was in response to market developments since 2018
#CBN and Bankers' Committee take over rehabilitation work at the National Theatre, Iganmu, Lagos.
Facility will help in unleashing the creative talents of Nigeria’s youths across multiple sectors and in supporting Mr.President's objective of creating new employment opportunities for Nigerians. #Emefiele
Harnessing the talents of our youths in the creative industries, will lead to the buildup of a more resilient economy #Emefiele
Thread: #CBN Unveils plans to release a framework for the integration of non-interest window in all its intervention programmes
particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF) to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
#CBN earmarks N432bn to fund the value chains of nine commodities in the 2020 wet season farming.
Thread:
CBN Gov, #Emefiele restates commitment of Central Bank of Nigeria to support household, businesses, other stakeholders to cushion economic impact of corona virus #CBNResponsetoCOVID19#COVID19
CBN directs participating financial institutions to provide new amortization schedule for all beneficiaries of CBN intervention facilities #CBNResponsetoCOVID19#COVID19Nigeria