The Ekiti Government, in partnership with the Central Bank of Nigeria (CBN), is to empower 1,000 farmers to accelerate cultivation of cassava in the state. Speaking on Tuesday at the launching of the programme in Ado-Ekiti, Gov Kayode Fayemi, represented by the Commissioner for Agriculture, Mr Folorunso Olabode, said that the cassava production value chain […]
GBfoods, a culinary product manufacturing, in partnership with the Central Bank of Nigeria (CBN), Kebbi State Government and the Emirate of Yauri, recently built a N20 billion Tomato processing factory, in Kebbi State. The factory which is said to be the second largest in Nigeria and the only fully backward integrated plant in ECOWAS – […]
The Central Bank of Nigeria on Thursday said it plans to fund the value chains of nine agricultural commodities to the tune of N432bn in the 2020 wet planting season. These commodities include rice, cotton, oil palm, tomato, cassava, poultry, fish, maize, cocoa and livestock/dairy. Senior officials of the bank disclosed this at a stakeholders’ […]
The Central Bank of Nigeria (CBN) and other stakeholders yesterday launched the Agric for Food and Jobs Plan (AFJP) initiative aimed at mitigating the impact of the COVID-19 on food production in the country. The joint venture for the private sector via out- grower and farmers’ scheme was aimed at increasing the supply of locally […]
The Central Bank of Nigeria (CBN), has waived the requirement for the provision of guarantors by Small and Medium Enterprises (SMEs) and households that applied for its N50 Billion COVID-19 targeted credit facility. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement, Monday, also assured all successful household and SME applicants that have […]
The Central Bank of Nigeria has unveiled guidelines for stakeholders interested in accessing the newly introduced funds for local healthcare research and development. The Apex Bank said the scheme would be funded from the developmental component of the Micro, Small and Medium Enterprise Development Fund. According to the CBN, the grant limit for research activities […]
CBN under its Anchor Borrowers Programme, says it is set to empower no fewer than 11,250 farmers for the 2020 wet season farming in Adamawa. Nigeria’s Apex Bank, under its Anchor Borrowers Programme, says it is set to empower no fewer than 11,250 farmers for the 2020 wet season farming in Adamawa. Alhaji Ilyasu Mu’azu, […]
It’s been a strenuous time globally as a result of the pandemic that has engulfed nations, some developed countries have found ways to contain the effect of Covid- 19, with evidence of decreasing cases. In other developing countries, the virus is resurging or continuing to spread quickly. This is still a global problem calling for […]
The Interest rates on loans to the Small and Medium Enterprises to cushion the effects of the coronavirus on their operations introduced by the Central Bank of Nigeria will rise to nine per cent from five per cent in March 2021. The CBN disclosed this in its guidelines for the implementation of the N50bn Targeted […]
The Executive Secretary of the Nigerian Shippers Council, NSC, Hassan Bello has called on the Central Bank of Nigeria, CBN to give priority to the maritime and logistic sectors as part of measures to boost the non-oil sector of the nation’s economy. During a meeting with the press yesterday in Lagos Bello made a call […]
