Page 45 - Borrower Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Is your association not captured in the CBN’s ABP? The association has been in existence for the past two years but we did not apply for ABP until last year. We applied for APB, but unfortunately, on getting to CBN, they told us the crop was not part of the programme in that year, and that we had to exercise patience. However, this year, in the speeches of the CBN Governor, Godwin Emefiele, in Kebbi, Katsina and Ekiti states, he said groundnut is part of this year’s programme. We were very happy and we applied, but up till now nothing has been heard from the bank. That is why we are appea...

The astronomical rise of Paschal Mbawuike Mustapha Temidayo By Ndukaku Nwosu WASHINGTON -based Paschal Okechukwu Mbawuike, Vice President Emeritus of Cohen and Woods International, a Washington based, Africa focused consulting firm, is the man behind a peace initiative for his country Nigeria. Mbawuike says the Diaspora and Homeland gathering via zoom, holding mid-September, is another effort aimed at finding an answer to a more peaceful, secure environment for investment and job creation in Nigeria. Nduka Nwosu in New York reports: The rise, rise and the astronomical rise of ...

Those who spoke to Daily Trust frowned at how agents of some international bodies, the Federal Ministry of Agriculture, as well as the Central Bank of Nigeria (CBN) are massively mopping up grains like maize, sorghum, millet and rice from the market. According to them, while buying grains by the government is good as it is part of national security, they said the timing is wrong because this is rainy season. Prices of food items have gone up, in most cases, beyond the reach of ordinary Nigerians, a situation stakeholders partly attribute to the activities of these merchants. Our corresponden...

The apex bank, had since 2015, through its Anchor Borrower Programme, disbursed several millions of naira to farmers’ groups to boost, among other crops, rice, cocoa and maize production. But critics of the initiative say in most cases, only political farmers benefitted from the interventions, which development, they opined, partly responsible for the current high prices of food items in the country. Now, watchers in the system are calling on the apex bank to rework its policy on the beneficiaries in order to accommodate more real farmers in the package to boost more production. They are al...

CBN plans price crash, releases 50,000MT of maize to Crown-Olam, others The Punch Published 29 June 2021 The Central Bank of Nigeria has approved the release of 50,000 metric tonnes of maize to 12 major producers from strategic maize reserve under the Anchor Borrowers’ Programme. According to the CBN, the release of maize to the companies, which is the third of such releases, will reduce the price of grain in the market by checking the activities of middlemen who are hoarding the product and causing artificial scarcity. The listed recipients of the grains include Premier Flo...