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Climate Change Threatens Water Access For World’s Poorest – WaterAid

WaterAid, an international not-for-profit organisation works in 28 countries to change the lives of the poorest and most marginalised people, has raised an alarm over the impact of climate change on people’s water supplies globally and called for urgent actions by national government to help the world’s poorest communities adjust to changing weather patterns. Specifically, […]

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FG Suspends Grants To Youths, Opt For Loans

The Minister of Youth and Sports Development, Mr. Sunday Dare, has disclosed that the Federal Government has stopped giving grants to youths but rather has now opted for revolving loans to aid their entrepreneurial and creative ventures. The minister gave this hint at the end of a 2-Day workshop titled ‘Challenges and opportunities for rural […]

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CBN Has Guaranteed N122.63Bn Under ACGSF So Far – Okon

The Central Bank of Nigeria (CBN) on Wednesday disclosed that it had guaranteed a total of N122.632 billion loans under the Agricultural Credit Guarantee Scheme Fund (ACGSF). Making the disclosure at the National Award Ceremony for the Best Farmer of the Year 2020 under the scheme held in Abuja, the Chairman of the Fund’s Board, […]

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CBN Releases 50,000MT Maize To Boost Market Supply

The Central Bank of Nigeria (CBN) in February released 50,000 metric tonnes of maize into the Nigerian market in fulfilment of its promise to help reduce the rising cost of the commodity. The apex bank’s support to major poultry feed producers and poultry producers in the country was facilitated under its Anchor Borrowers’ Programme (ABP). […]

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ECOWAS Bank, Franco-German Group Seal €40m Pact To Support SMEs

The ECOWAS Bank for Investment and Development (EBID) has signed a €40 million framework agreement with the ODDO BHF Aktiengesellschaft, a Franco-German financial services group with a longstanding track record and expertise in trade financing, to support Small and Medium Enterprises’ (SMEs’) recovery in the West African sub-region. The agreement was signed by the President […]

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Emefiele Tasks Nigerians On Agriculture, Lists Benefits Of ABP

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday said the apex bank’s Anchor Borrowers’ Programme (ABP) had restated the need for all stakeholders to sustain current efforts championed by the Bank to galvanize agricultural production towards meeting the food and other agro-based requirements of Nigeria’s growing population. Emefiele gave […]

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Nigeria Exits Recession, Records 0.11% GDP Growth In Q4, 2020

After two consecutive sluggish performances which plunged the economy into recession, Nigeria’s economy rebounded in the last quarter of 2020 with the Gross Domestic Product (GDP) growing by 0.11 percent year-on-year. The National Bureau of Statistics (NBS) reported the positive trend in its published on Thursday. The report stated: “Nigeria’s gross domestic product (GDP) grew […]

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‘Rising Inflation Threatening Real Sector’s Growth’ – MAN DG

The Manufacturers Association of Nigeria (MAN) has described the rising general price level in the economy with the January 2021 inflation rate peaking at 16.47 percent as a threat to current efforts to revitalize the nation’s manufacturing and industrial sector and position it on the path of sustainable growth. The Director General of the association, […]

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World Bank To Support Africa’s Livelihood-Enhancing Projects With Over $5Bn

The World Bank Group on Thursday unveiled plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agricultural productivity and promote livelihoods in 11 African countries of the Sahel, Lake Chad and Horn of Africa. The Breton Woods institution President, David Malpass, gave this hint at the One […]

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CBN Disburses N12.55Bn To Boost Poultry Business

The Central Bank of Nigeria (CBN) has released the sum of N12.552 billion to poultry farmers in the country as part of its strategic monetary policy measures to increase egg and meat production, create more jobs and attracting new farmers to the sub-sector. Lead farmers in the poultry sub-sector, who are familiar with the fund’s […]