Only 24% Of CBN Anchor Borrowers’ Loans Repaid, Says IMF   The International Monetary Fund (IMF) has disclosed that only 24 per cent of loans dirbursed under the Anchor Borrowers’ Programme of the Central Bank of Nigeria have been repaid. This disclosure was contained in the IMF’s...

CBN Approves N75.9bn Loan To Farmers In Two Months   The Central Bank of Nigeria (CBN) disbursed N75.9 billion loan to farmers between November and December 2021, under the Anchor Borrowers’ Programme (ABP). The fund was to support the cultivation of over 383,000 hectares of maize, rice...

CBN Urges Nigerians to Shun Speculative Activities - Forex The Central Bank of Nigeria (CBN), has advised Nigerians not to succumb to speculative activities of some players in the foreign exchange market. Mr Osita Nwanisobi, CBN’s Director, Corporate Communications CBN, gave the advice in a statement...

ABP: CBN Raises Concern On Non-Payment Of Loans By Farmers The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted on repayment of loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. The CBN Development Finance Officer, Sadeeq Ajayi made the appeal...

In Six Years, CBN Invested Over N1trn On Farmers – Emefiele   The Central Bank of Nigeria (CBN) has empowered at least 4,489,786 farmers through intervention financing, leveraging its flagship programme, the Anchor Borrowers’ Programme (ABP). The CBN Governor Mr. Godwin Emefiele, disclosed, on Tuesday, this at...

Anchor Borrowers: Farmers Owe CBN N463bn As Defaults rise   Farmers who subscribed to the Central Bank of Nigeria’s Anchor Borrowers’ Programme owed the apex bank N463bn as of the end of March 2021, data from the CBN Economic Report for April have shown. The ABP was...