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...

Export Intervention Loans Now N44bn   The Central Bank of Nigeria’s intervention funds under its Export Facilitation Initiative rose to N44.58bn in October 2022. The bank disclosed this in statements released on its last Monetary Policy Committee meeting in 2022. “Under the Export Facilitation Initiative, the Bank provided...

Banks Borrowed N11.01trn From CBN In 2022   Deposit Money Banks (DMBs) and Merchant Banks borrowing from the Central Bank of Nigeria (CBN) discount window known as the Standing Lending Facility (SLF) dropped to N11.01trillion in 2022, representing a decline of 15 per cent from N13.01...

Debts Hit N22.57tn: Buhari Seeks Lawmakers Approval of N819bn Fresh Loan The President, Major General Muhammadu Buhari (retd.), is seeking the National Assembly's approval for a N819.54bn supplementary budget, which it planned to finance through domestic borrowing. This is as Nigeria’s domestic debt rose to N22.57tn...

Analysts Kick As CBN Loans To FG Hit N22trn   The Federal Government borrowed N1.46tn from the Central Bank of Nigeria through Ways and Means Advances in August 2022. The total FG’s borrowing from CBN rose from N20.61tn in July 2022 to N22.07tn in August 2022. According to...

CBN Moves Against Defaulting Anchor Borrowers   The Central Bank of Nigeria (CBN) has moved against beneficiaries of its Anchor Borrowers Programme who have failed to pay back their loans. The NIRSAL Microfinance Bank Limited (NMFB), has published the names of some of the borrowers with the...