Non-oil export rakes in $4.9b under CBN RT 200 FX Programme

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says a total of $4.987 Billion hasbeen repatriated into the country by non-oil exporters in 2022, under the Race to US$200 Billion in Foreign Exchange (FX) Repatriation (RT200) programme launched in February 2022 by the CBN, in collaboration with the Bankers’ Committee.

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Nigeria: FG gives conditions for new port development for sustainable blue economy

WorldStage Newsonline– As the Nigerian Port Authority (NPA) embarks on the process of developing a port development master plan that would set out policy on port infrastructure development to match the current and future economic expectations/national goals and objectives, the Federal Government has revealed its position to discourage unsolicited port development proposals that are not based on viable projects and future developments contained in the infrastructure development plan of government under the National Transport Policy and programmes of the agencies.

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CBN’s MPC further raises reference interest rate by 100bps to 16.5%

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting today unanimously voted to increase the Monetary Policy Rate (MPR) further by 100bps to 16.5% – the fourth consecutive rate hike and the highest rate since November 2002 (18.5%).

CBN’s MPC further raises reference interest rate by 100bps to 16.5% Read More