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Reps probe CBN’s N1.12tr anchor borrowers programme

The House of Representatives has resolved to probe the N1.12 trillion anchor borrowers scheme coordinated by the Central Bank of Nigeria (CBN).Also included in...
Business

INTERVIEW: Some Nigerians Diverted Part Of FG’s N555bn Intervention Loan To Marry, Bought Iphones— NIRSAL MFB MD

When Abubakar Abdullahi Kure was appointed to take charge as the Managing Director/Chief Executive Officer of NIRSAL Microfinance Bank in 2020, the country was...
Business

INTERVIEW: Some Nigerians Diverted Part Of FG’s N555bn Intervention Loan To Marry Women, Bought Iphones— NIRSAL MFB MD

When Abubakar Abdullahi Kure was appointed to take charge as the Managing Director/Chief Executive Officer of NIRSAL Microfinance Bank in 2020, the country was...
Business

JUST IN: CBN Finally Suspends Emefiele’s Anchor Borrowers Programme, NIRSAL, Other Intervention Programmes

The Central Bank of Nigeria has finally suspended new applications for development financing like the Anchor Borrowers Program (ABP) and Nigeria Incentive-Based Risk Sharing...
Business

Over N500bn Loan Repaid By Farmers Under Anchor Borrowers Programme, Says CBN

The Central Bank of Nigeria (CBN) says it remains committed to its developmental mandate of stimulating access to finance for the real sector.It disclosed...
Business

Farmers Yet To Repay Over 70% Of CBN’s N2trn Anchor Borrowers Loan—IMF

Over 75 per cent of the N1.9trn loan given out by the Central Bank of Nigeria under the Anchor Borrowers Programme has not been...
Business

World Bank Lists Nigeria Among Countries With Acute Food Insecurity

Nigeria may be set for one of its worse food crisis as the World Bank has listed the continent’s biggest economy among countries with...

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