Home

By Bassey Udo
March 6, 2017

cbn 690x418The Central Bank of Nigeria, CBN on Monday, intervened for the third time in the inter-bank retail foreign exchange market, supplying a total of $367,134,329.93 (over $367 million) to meet the requests of customers.
A breakdown of the figures shows that about $144,073,753.07 was for 45 days, while $223,060,576.86 was for 60 days.
The CBN spokesperson, Isaac Okorafor, said the release was in line with the bank’s determination to ease the forex pressures on various sectors of the economy through forward sales under the new flexible regime, to keep the market liquidity.
In continuation of its intervention in the foreign exchange market aimed at strengthening the Naira against other international currencies, the CBN had planned to inject another $350 million to the market last weekend.
In the recent placements, the bank made an initial placement of about $500 million in the market shortly after the review of the forex policy three weeks ago. At the end of trading, the market could only absorb $350 million.
In the follow-up placement of about $270 million, the market could only take about $221million.
The impact of two interventions in the market was immediate as the value of Naira strengthened significantly, from about N515 to the dollar to about $485 to the dollar in the first week.
The value of the Naira was boosted to about N450 to the dollar in the second week.
http://www.premiumtimesng.com/business/business-news/225367-forex-cbn-injects-another-367million-maintain-market-stability.html?utm_source=dlvr.it&utm_medium=twitter

Reports

Reports about Fertilizer

Messages to Farmers

  • Obtain quality fertilizers from reputable suppliers especially FEPSAN members
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics
  • Allow your crops to fully mature to get quality and value
  • Report adulterated fertilizer to the appropriate authority

Upcoming Events

  • 3rd AFAAS Africa-Wide Agricultural Extension Week 2017, Date: 30 October to 3 November 2017. Venue: Durban, KwaZulu Natal, South Africa.  Read more
  • IFDC’s 2-week USA Training & Study Tour, Dates: August 21 – September 1, 2017, Venue: USA (Alabama, Arkansas, Illinois, Missouri, Tennessee and Washington, D.C.)  Read more
  • AGRIKEXPO & NABG Conference 2017, Date: September 25-27, 2017. Venue: International Conference Centre, Abuja, Nigeria,.Read more
  • 31st Annual Argus FMB Europe Fertilizer conference, Date: 18 – 20 October 2017, Venue: W Hotel in Barcelona. Read more.
  • Urban Agri Summit 2017, Date: 7th - 8th September, 2017, Venue: Johannesburg, South Africa. Read more
  • IFDC International Training Program, Date: November 6-10, 2017, Venue: Arusha, Tanzania. Read more
  • 5th Addis Agrofood Agriculture, Agricultural Machineries, Food, Food Technologies and Packaging Exhibition, Date: 08-11 December 2017, Venue: Addis Ababa, Ethiopia. Read more

Mission

To provide a platform for the stakeholders in the public and private sectors of the fertilizer industry to develop effective public private partnerships in order to ensure timely supply of adequate quantity and quality fertilizers; and to promote professional, moral and ethical practices in the industry.

Vision

Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Contact

2nd Floor Bank of Industry Building
18 Muhammad Buhari Way, Kaduna, Nigeria.
Mobile: +234 (803) 3174409
This email address is being protected from spambots. You need JavaScript enabled to view it., This email address is being protected from spambots. You need JavaScript enabled to view it.

2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss