Page 24 - Borrower Programme News Today

Obinna Chima reviews the stewardship of the Central Bank of Nigeria Governor, Mr. Godwin Emefiele seven years since he assumed the mantle of leadership The Central Bank of Nigeria (CBN) Act of 2007 charges the banking sector regulator with the overall control and administration of the monetary and financial sector policies of the federal government. Although the four key objectives of the CBN includes to ensure monetary and price stability; issue legal tender currency in Nigeria; maintain exter...

Speaking at the bank’s special day at the ongoing 42nd Kaduna International Trade Fair yesterday, Mr. Osita said the bank also reduced its interest rate on CBN intervention loans from 9 to 5 percent and initially created a N150 billion Targeted Credit Facility (TCF) for affected households and SME’s through the NIRSAL microfinance Bank. Represented by the Branch Controller, Kaduna, Ahmed Mohammed Wali, he said the fund has since been increased in order to accommodate more beneficiaries, boo...

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The rice pyramids have returned across the country. The maize pyramids have returned too. These pyramids have dotted the skylines in states like Kebbi, Niger, Katsina, Jigawa, Ekiti, and a host of others. For some others like Lagos, Edo, Rivers and more, there are CBN financed industries maximizing the farm produce to make products. Police […]

In this interview, Alhaji Farouk Rabi’u Mudiis, the newly inaugurated president of the All Farmers Association of Nigeria (AFAN) spoke on his plans for Nigerian farmers, among other issues.   Having been inaugurated by the Minister of Agriculture, Sabo Nanono, what are your plans for famers? First of all, we intend to establish a coordinated […]

…as CBN governor asks bandits to embrace scheme   Statistics from the Central Bank of Nigeria (CBN) have shown that about 2,923,937 farmers in the country have benefitted from its Anchor Borrower Programme (ABP). The statistics further show that 3,647,643 hectares have been cultivated by farmers under the programme while 21 commodity sectors have so […]

Nigeria will soon create its digital currency, the Central Bank of Nigeria said Tuesday as the bank continues to face questions over its ban on cryptocurrency transactions in the country. The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said this while addressing journalists after a two-day meeting of the Monetary Policy Committee in Abuja. He said the idea of a digital currency would soon become a reality in the country, and that the central bank has already set up its commi...

Punch Newspapers Sections Published 26 May 2021 The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said Nigeria will soon get 12 fighter jets from the United States of America to fight insecurity. He stated this while answering questions at the end of a two-day monetary policy committee meeting in Abuja on Tuesday. Emefiele said the arrival of the jets was in line with a pact made between the Nigerian and US governments three years ago. He said, “If you want an economy to grow,...

Emmanuel Egobiambu   Updated May 26, 2021 The Federal Government had in February 2018 placed an order for 12 Super Tucano aircraft at a cost of $496 million.   Nigeria is expecting 12 Tucano fighter planes from the US as part of efforts towards fighting insecurity in the country.  The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele said this on Tuesday while fielding questions at the end of a two-day Monetary Policy Committee meeting in Abuja. “About three years ago, the Federal Go...

The CBN governor asks bandits to embrace Anchors Borrowers Programme.