Maize Aggregation Scheme News Today

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, ...

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...

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...

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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...

By Nume Ekeghe About 300,000 metric tonnes of maize are to be released into the Nigerian market from strategic anchors under the Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN) next month. Owing to this, the current price of maize N155,000 per metric tonne is expected to reduce significantly. According to a statement, the planned release followed moves made by the critical stakeholders, working with relevant government and security agencies, to put a halt to reprehensib...

The Central Bank of Nigeria (CBN), through its anchor borrowers' programme is set to release about 300,000 metric tonnes of maize into the Nigerian market by February. 

By Ummi Kabir Maize is one of the most important staple foods in Nigeria and consumed by all in diverse ways. As a crop it can, according to the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, grow almost everywhere irrespective of the season in Nigeria. The crop is not only being consumed as food in all regions of the country but has also become a raw material in manufacturing and agriculture- related businesses within and beyond the borders of Nigeria. It has grown to become a ...