In line with its food security blueprint, the Central Bank of Nigeria (CBN) has released N12.552 billion to large, medium and small-scale poultry farmers in the country. The Sun reports, the Director, Development Finance Department, Mr. Phillip Yila Yusuf, who confirmed the development, explained that the disbursement of funds to farmers was an on-going process […]
Punch reports, Cross River State Government is collaborating with the Central Bank of Nigeria and the Dantata Group to create 20,000 agro-based jobs for young people in the state. The state governor, Prof. Ben Ayade, disclosed this when officials from the Dantata group and the CBN visited him. The governor said, “The meeting between CBN […]
The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation With the CBN AGSMEIS Loan, you can access up to N10M at 5% per year from the […]
Punch reports, The Central Bank of Nigeria has asked the public to beware of fraudulent loan offers and investment schemes. The acting Director, Corporate Communications, CBN, Osita Nwanisobi, said this in a statement on Thursday entitled ‘Beware of fraudulent loan offers, investment schemes.’ It said its attention had been drawn to fraudulent messages and videos […]
Nigerian Youth Investment Fund NYIF is a government initiative created to boost the Nigerian economy through leverage and access to finance for youths. The NYIF aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working […]
Financial crises usually call for major policy responses as well as frameworks to contain the damage done to the economy and the society, in order to safeguard financial stability in the future. To be prepared to manage the risk of continuous distress in the Nigerian banking sector, the CBN in 2012 integrated sustainable business practices […]
The Central Bank of Nigeria has set N10bn as the maximum loan an obligor can access under its N250bn intervention fund for the gas sector. The CBN must have introduced the N250billion intervention facility to help stimulate investment in the gas value chain as part of its efforts to stimulate finance to critical sectors of […]
The Central Bank of Nigeria has disbursed N152.9bn for 61 manufacturing projects under parts of its intervention funds. The Governor of the Apex bank, Godwin Emefiele, disclosed this in a report on his communique at the last Monetary Policy meeting, which was obtained on Friday. “The committee noted that the CBN had disbursed over N152.9bn […]
The round up figure disbursed to farmers under the Commercial Agriculture Credit Scheme from inception in 2009 rose to N635.39bn as of the end of March 2020. The Central Bank of Nigeria disclosed this in its “Economic report for the first quarter of 2020 on agriculture,” which was obtained on Wednesday. The report reads, “At […]
The Central Bank of Nigeria has announced plans to engage 370,000 youths in agriculture production through its Accelerated Agricultural Development Scheme. The announcement was made in CBN’s‘Non interest guidelines for the Accelerated Agricultural Development Scheme’, which was released on Tuesday. “The objective of the programme is to engage a minimum of 370,000 youths in agricultural […]
