The Central Bank of Nigeria (CBN) on Tuesday disclosed that disbursements to farmers and beneficiaries in the agricultural value chain under the Anchor Borrowers Programme (ABP) this year stood at N12.65 billion. The apex bank governor, Mr. Godwin Emefiele, made this disclosure when briefing journalists of the decisions taken during the 290th Monetary Policy Committee’s […]
The Central Bank of Nigeria (CBN) has reported the recovery of over N500 billion under the Anchor Borrowers’ Programme (ABP) loans, representing 52.39% of the total disbursements, from farmers and other beneficiaries as of the end of February this year. The apex bank’s Acting Director, Corporate Communications Department, Dr. Abdulmumin Isa, who gave these figures […]
NIRSAL Microfinance Bank Limited (NMFB) on Tuesday issued a final demand notice to defaulting beneficiaries of the Anchor Borrowers Programme (ABP) loans disbursed by it, warning that failure to offset their outstanding debts will lead to serious consequences. The MfB’s management, in a statement, indicated that the final demand notice was sequel to the Central […]
“Godwin Emefiele could be aptly described as the “champion of food security” in Nigeria and a role model in good leadership deserving emulation by youths that share the vision that come what may, the ‘Nigerian project’ must not fail.”
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday urged rice millers in the country to embrace the apex bank’s backward integration initiatives aimed at conserving the nation’s foreign exchange reserves and creating jobs in the country. The banking industry regulator was quoted in an information posted on the bank’s website […]
NIRSAL Microfinance Bank (NIRSAL MFB), has disbursed over N503 billion to over 1million Nigerians and businesses largely through the Federal Government’s COVID-19 intervention fund to cushion the impact of the COVID-19 pandemic on households and small businesses. Figures from the NIRSAL MFB showed that the bank disbursed N503,273,000,000 as loans to 1,053,215,837 beneficiaries, including individuals […]