CBN Reverses Interest Rates on Intervention Loans to 9% The Central Bank of Nigeria (CBN) says it has reversed the reduction of five per cent interest rate paid on its interventions facilities to nine per cent yearly, starting from September 1, 2022. The bank had, at...

CBN Disburses N610bn Under Commercial Agriculture Credit Scheme   The total amount released under the Commercial Agriculture Credit Scheme (CACS) from inception in 2009 to date, stood at N610.43 billion in respect of 593 projects as at the end of October 2019. The Central Bank of Nigeria...

Commercial Agriculture Credit Intervention Now At N360.5bn   The Central Bank of Nigeria (CBN) has put the total value of its intervention under its Commercial Agriculture Credit Scheme (CACS) since inception in 2009, at N360.5 billion. It also revealed that at the end of July, 2019, N15.3...

CBN Extends N200bn Commercial Agric Fund To Non-Interest Banks   The Central Bank of Nigeria (CBN) yesterday said that Non-Interest Financial Institutions (NIFIs) can now participate in the N200 billion Commercial Agricultural Credit Scheme (CACS). The CBN disclosed this in the revised guidelines for the scheme...

‎The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has disclosed that the apex bank, under its Commercial Agricultural Credit Scheme (CACS) has over N250 billion which has not been fully disbursed as well as a N220 billion micro, small and medium enterprise...