Households, Businesses Can Apply For N50bn COVID-19 Loans – CBN The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for loans under its N50bn Targeted Credit Facility. It said the stimulus package was to support households...

Poultry Sector Gets Boost with N12.5bn CBN Largess The Central Bank of Nigeria (CBN) has released the sum of N12.552 billion to large, medium and small-scale poultry farmers in the country as part of its strategy to boost egg and meat production as well as...

CBN Increases Credit For Households To N300bn           The Central Bank of Nigeria (CBN) has increased the Targeted Credit Facility (TCF) to N300 billion. The facility, which is meant for households and small and medium enterprises affected by the COVID-19 pandemic, was N150 billion. The expansion of the...

Agric Sector Records $12bn Post-harvest Losses Yearly – Fed Govt         The post-harvest losses recorded in Nigeria’s agriculture sector annually is currently about $12bn, the Federal Government said on Thursday. It disclosed this in Abuja through its Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, during the...

Bol, AfDB, IFAD Approve $2bn For Nigeria’s Agric Project         The Bank of Industry (BoI), African Development Bank (AfDB) and International Fund for Agricultural Development (IFAD) have okayed $2 billion loan to reduce poverty, end hunger and increase resilience to climate change in rural communities around...

Fed Govt, CBN Point To Results In Economy Recovery Plan         At the backdrop of the slide into the second recession in five years, fiscal and monetary authorities are indicating that efforts are on all fronts to ensure early exit from the recession. While the Federal Government...