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NIRSAL Refutes Report On Alleged Diversion Of Kano/Jigawa Wheat Fund

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) on Tuesday described as unfounded and baseless Abuja-based news medium’s report alleging its diversion of N5.6 billion meant to be disbursed to Kano and Jigawa wheat farmers. Describing the publication a hollow piece of journalism, the agency noted that the publication represented a continuation […]

Agriculture & Agribusiness Banking Latest News Manufacturing

NIRSAL MFB Refutes Extortion Of Applicants For Loans Allegation

Nigeria Incentive-Based Risk Sharing System for Agricultural Lending Microfinance Bank (NMFB) has denied allegations that its staff had extorted applicants seeking micro loans and promised to grant all qualified applicants their loan requests. The bank’s management, in a statement on Thursday, described the accusation as not only spurious but unfounded, stressing that the bank “frowns […]

Banking Economy News Extra Latest News

Licensed Microfinance Banks Decline To 898 In February – CBN

The Central Bank of Nigeria (CBN) late Thursday reported that the total number of Micro Finance Banks (MFBs) licensed to provide micro finance services nationwide stood at 898 on February 13, 2019. As at February last year, the number of microfinance banks in the country stood at 1,008, representing a growth of three percent  when […]

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NIRSAL Vows To Fulfil Mandate, Flaws Critics’ Allegations

The Nigeria Incentive-Based Risk Sharing System For Agricultural Lending (NIRSAL) has restated its commitment to fulfill its mandate of enhancing various agricultural projects lending despite some complaints about its operations by some groups. The commitment came against the backdrop of recent allegations by some aggrieved groups that the agency was not taking care of all […]

Banking Insurance & Pension Latest News

NIRSAL Launches Insurance Product For Smallholder Farmers

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has introduced a new insurance product to cover the risks associated with post harvest losses of agricultural yields and market price risks for smallholder farmers. The product, named  NIRSAL Comprehensive Index Insurance (NCII) and specifically developed to protect  farmers against risks along the agricultural value […]

Economy News Extra Latest News

NIRSAL Forecasts $4.4Bn Earnings From Agric Export

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has projected that export earnings from the agricultural sector will hit $4.4 billion by the end of the year. This is even as it puts its total disbursements, which is specifically provided to export crop farmers to help boost their productivity and improve Nigeria’s non-oil […]

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NIRSAL To Boost Smallholder Farmers’ Earnings By N135bn

The Managing Director of the Nigeria Incentive-Based Risk Sharing for Agriculture Lending, (NIRSAL), Mr. Aliyu Abdulhameed, has said that the initiative’s support through the Anchor Borrowers Programme of the Central Bank of Nigeria (CBN)  to smallholder farmers will increase their income by about N135 billion this year. Making the forecast at a PULA Insurance workshop […]