CBN Governor says 100,000 hectares of wheat was planted across 15 states in 2021 – Nairametrics


Nigeria’s central bank governor has hinted that Nigeria’s wheat production is expected to rise as 100,000 hectares of wheat was planted in the 2021 dry season. The CBN Governor, Godwin Emefiele disclosed this at the unveiling of the CBN rice pyramids by President Muhammadu Buhari on Tuesday. He also added that Nigeria’s rice production increased … Read more

eNaira lags, as China’s digital yuan completes $13.68 billion transactions – Nairametrics


The People’s Bank of China’s digital currency has completed cumulative transactions of 87.57 billion yuan ($13.68 billion) since its inception. Although the eNaira is relatively new, its adoption has been less than impressive. Zou Lan, Director of the PBOC’s financial markets department, disclosed China’s figures on its digital currency to reporters, and a cursory look … Read more

Price of rice to crash as farmers launch 1 million bags of rice paddy – Nairametrics


Rice farmers under the aegis of the Rice Farmers Association of Nigeria (RIFAN) have concluded plans to crash the price of rice with the launch of the one million bags of rice paddy stacked as pyramids in Abuja. The rice from the pyramid, which is a collaboration between the Central Bank of Nigeria (CBN) and … Read more