RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home Economics

Central Bank of Nigeria Unveils Trend of Policy for 2022

Rate Captain by Rate Captain
January 10, 2022
in Economics, News, Politics
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

CBN’s N143 billion treasury bills auction records 47% oversubscription

Russia reduces interest rate to 11% amid surge of the ruble

Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion

The Central Bank of Nigeria (CBN) has revealed and reassured Nigerians its policy focus will encompass finance and credit for households, small and medium-sized enterprises in 2022.

The CBN governor, Godwin Emefiele further elucidated the importance of Stakeholders Corporation to strengthen the economic growth and prevent sporadic shock that could deplete wealth creation in the economy.

His words” The policy focus of the bank for 2022 is with a pledge to sustain improved access to finance and credit for households and businesses, mobilize investment to boost domestic productivity, enable faster growth of non-oil exports, and support employment generating activities.”

Emefiele further revealed after COVID-19 outbreak precautions must be taken through economic diversification to prevent draconian effects to Nigeria’s economic base. He further discouraged importation to improve welfare and productivity.

 “Proactive steps on the part of stakeholders in the private sector, in collaboration with the government in supporting the growth of sectors such as manufacturing, ICT, and infrastructure, will strengthen our ability to deal with the challenges of COVID-19 and stimulate further growth of our economy.”

Concurrently, Godwin emefiele stressed the significance of infrastructure in the Nigerian eco-system, explaining that the Infrastructure Corporation of Nigeria (InfraCo) will be solely responsible for approving all projects from 2022.

The concluded by revealing a key revenue source from infrastructure projects such as the Abuja-Kano road amongst other will be a toll fee taxed from a designated checkpoint.

Previous Post

Gold Price Decline to $1,791 per ounce as U.S Treasury Yield Surged Last Week

Next Post

Oil prices increase as Supply Distortion occurs in Libya and Kazakhstan

Related News

CBN governor respond to APC 100M president form

CBN’s N143 billion treasury bills auction records 47% oversubscription

by Rate Captain
May 26, 2022
0

The Central Bank of Nigeria’s (CBN) Treasury Bills for a 1-year tenor worth N143.88 billion, which was auctioned on Wednesday,...

Russia reduces interest rate to 11% amid surge of the ruble

Russia reduces interest rate to 11% amid surge of the ruble

by Rate Captain
May 26, 2022
0

Russia’s central bank slashed interest rates to 11% for the third time in less than a month, boosted by lower...

Tether, USDT market cap has dropped by US$10B since UST collapse

Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion

by Rate Captain
May 26, 2022
0

Nine days ago, Terraform Labs founder Do Kwon shared a plan to revive the Terra Ecosystem after its stablecoin UST...

CBN Advises Nigerian Commercial Banks to Pay more attention to financial transactions linked with Benin Republic

OFIs: CBN sets criteria for enrollment onto credit risk management system

by Rate Captain
May 25, 2022
0

The Central Bank of Nigeria (CBN) has criteria to be met by Other Financial Institutions (OFIs) to qualify for enrollment...

Next Post

Oil prices increase as Supply Distortion occurs in Libya and Kazakhstan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Google hit by second UK antitrust probe into online ad

Google hit by second UK antitrust probe into online ad

May 27, 2022
Ethereum breaks below $1,800 as selling pressure accelerates

Ethereum breaks below $1,800 as selling pressure accelerates

May 27, 2022

Popular Story

    Rate Captain

    RateCaptain

    We bring you the most accurate in new and market data. Check our landing page for details.

    • FX Rates
    • Commodities
    • Money Market
    • Cryptocurrency
    • Corporates
    • Contact Us

    Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

    No Result
    View All Result
    • FX Rates
    • Commodities
    • Money Market
    • Cryptocurrency
    • Corporates
    • Contact Us

    Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.