Page 41 - Anchor Borrower Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Benson Etuk Akwa Ibom State is endowed with numerous natural resources, the most prominent among which is oil. The state is Nigeria’s largest oil producer, accounting for over 30 per cent of the country’s oil – a fact that is known to all. What may perhaps not be known by many is the fact that Akwa Ibom is basically an agricultural state whose people have always depended on farming for existence, though at subsistent level. In fact, before oil replaced agriculture as Nigeria’s economic mainstay, the state, then part of the Eastern Region, was a major contributor of palm produce whi...

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, the level of insecurity must be low because if there is a high level of insecurity like what we see...

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 Government and the United States signed a pact that resulted in a government to government acquisition...

The CBN governor asks bandits to embrace Anchors Borrowers Programme.

Nigeria’s central bank decision to unified foreign exchange (FX) rates is expected to unlock a $1.5 billion loan from the International Monetary Fund (IMF) which required the convergence of the monetary policy authority’s multi-tiered exchange rates as a pre-condition for disbursement. Move to unified rates comes