Page 40 - Anchor Borrower Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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, boost consumer expenditure and positively impact output growth. He noted that the Anchor Borrowers’ P...

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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 […]

…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 committee, which is working on the concept. Naija247news how the MPC on Tuesday retained the Monetary Po...