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CBN releases 50,000MT of maize to 12 coys to crash price

Daily Trust reports that the release of maize to the companies, which is the third of such releases, is also intended to check the activities of middlemen aimed at hoarding the product and causing artificial scarcity. The CBN listed recipients of the grains to include Premier Flour Mills, Crown-Olam, Grand Cereals, Animal Care, Amobyn and Hybrid Feeds. Others include Obasanjo Farms, Zartech, Wacot, Sayeed Farms, Pandagri Novum and Premium Farms. Confirming this, CBN spokesman, Osita Nwanisobi, ...
Osita Nwanisobi Pandagri Novum Bello Abubakar Commodity Association Borrower Programme Central Bank

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Coinbase's Washington Debut - The New York Times

Image A week before Coinbase made its blockbuster debut on Wall Street on Wednesday, the cryptocurrency exchange was part of a much quieter, but symbolically important, launch — in Washington, D.C. Yep, here come the lobbyists. Along with the asset manager Fidelity, the payments company Square and the investment firm Paradigm, Coinbase established a new trade group with “a mission to unlock the transformational promise of crypto.” The Crypto Council for Innovation hopes to influence polic...
United States Paul Grewal Marvin Ammori Brian Armstrong Sherrod Brown Steven Mnuchin

Olam, Premier Flour benefit as CBN releases 50,000mt of maize

ON THE GO UTME now compulsory for scholarship beneficiaries, says amnesty programme coordinator Milland Dikio, interim administrator of the presidential amnesty programme (PAP), says beneficiaries of the agency’s scholarship scheme must participate in the unified tertiary examination of the Joint Admissions and Matriculation... NSF: Lagos athlete wins men’s 110m hurdles Abejoye Oyeniyi of Lagos state has claimed the gold medal in men’s 110 meters hurdles at the ongoing N...
Pandagri Novum Commodity Association Poultry Association Of Nigeria Borrower Programme Central Bank Nigerian Maize

Food Security: Stakeholders offer opposing views on border re-opening

By Jimoh Babatunde & Gabriel Ewepu The Central Bank of Nigeria has in recent years come up with different programmes to grow the country’s agriculture and ensre food security in the country. One of such programmes is the Anchor Borrowers’ Programme. Under the programme, the CBN set aside N40 billion, out of the N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) to be given to farmers at a single-digit interest rate of maximum nine percent per annum. As part of the a...
United States Israel General Gombe State Chijioke Ekechukwu Adekunle Adenuga Jimoh Babatunde

Anchor Borrowers Programme: Farmers to release 300,000mt maize next month -

ECONOMY Maize farmers under the Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN) are set to release about 300,000 metric tonnes of maize which watchers believe will reduce the current price of maize. The huge supply boost according to stakeholders is aimed at inducing a decline in the price of the commodity to N120,000 per metric tonne from the current price of N155,000 per metric tonne. The planned release follows moves made by the critical stakeholders, working with re...
Abuja Federal Capital Territory Babajide Komolafe Alhaji Bello Alhaji Bello Abubakar Muhammadu Buhari Edwin Uche

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