Maize Aggregation Scheme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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, said the release would crash the price of maize, reduce pressure on the market, and make the product...

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 National Sports Festival (NSF).Advertisement Oyeniyi finished first to claim the top prize... COVID: ...

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 apex bank’s financing framework, the CBN has facilitated the funding of rice and maize farmers and ...

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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 relevant government and security agencies, to put a halt to reprehensible and speculative activities o...