Local rice price to drop from N18,000 to N7,000 by April 2018—RIFAN boss
The Central Bank of Nigeria (CBN), the brain behind massive rice farming across the country under the Anchor Borrowers Programme (ABP) has put up a joint programme with Rice Farmers Association (RiFAN) that will work out modalities for crashing price…
Success stories of ABP spur CBN to inject additional N45bn
The observed success story coming from the performance of the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme (ABP), have encouraged the bank to continue to inject additional fund for more farmers. The CBN had through select banks, formed strategic…
IMF traces weak economic growth in Nigeria, S’Africa to political risks
More facts have emerged on why several frantic efforts so far made by the present administrations in Africa’s largest economies to attract credible deep pocket foreign investors have failed to yield results. The International Monetary Fund (IMF), earlier in the…
Unity Bank grows capital base to N80b from N31bn in 2014
Unity Bank Plc has raised its capital base from N31 billion in 2014, to a comfortable level of N80 billion. This was revealed by former Chairman of Board of Directors, Mr. Thomas Etuh, in an interview in Abuja. Etuh who…
ABP: Kebbi youth farmers protest high interests on agric loans
Contrary to federal government’s claims through the Central bank of Nigeria (CBN), that the terms and conditions attached to the Anchor Borrowers Programme (ABP) loan scheme are flexible and seamless, aggrieved youth farmers in Kebbi State, on Thursday, staged a…
CBN’s Anchor Borrowers’ intervention boosts local rice output to 5m tones–Okoroafor
The Acting Director, Corporate Communications of the Central Bank of Nigeria (CBN), Mr. Isaac Okoroafor, has revealed that the national rice output has risen to about 5 million tonnes. Giving the insights in Awka, the Anambra State capital during a…
FG’s Anchor Borrowers Programme under threat, 5, 968 rice farmers bolt away with loan
Indications have emerged showing that the well publicized possibility of Nigeria becoming a rice exporter before the end of the year may not be a reality after all. This is based on the fact that about 5,968 rice farmers who…
