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Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Godwin Obaseki

2, 000 farmers benefit from over 10,600 hectares agric project in Edo

Edo State Government says no fewer than 2, 000 farmers are benefiting from over 10,600 hectares agricultural project in different parts of the state.

Niger government to purchase 100 tractors

Niger government says it has concluded arrangement to purchase 100 tractors that would be distributed to farmers to boost agricultural production in the state.
Nigerian Stock Exchange NSE

SEC: Report on commodities trading expected to spur capital market, economy

The Securities and Exchange Commission, SEC, has disclosed that the report of Technical Committee, TC, on commodities trading ecosystem in Nigeria was being implemented and was expected to make the much desired impact on the commodities trading that would stimulate Nigeria’s capital market and economic growth.

NIRSAL pledges to support farmers in Jigawa

The Nigeria Incentives Based Risk Sharing System (NIRSAL) in Jigawa, has pledged its continued support to farmers in the state.

Abia rice farmers decry inability to access central bank’s anchor borrowers funds

Rice farmers in Abia have expressed dismay over their inability to access fund under the Anchor Borrowers’ Programme (ABP) established by the Central Bank of Nigeria’s (CBN).

Ecobank, NIRSAL sign N70 billion MoU for agribusiness

The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Understanding (MoU) with Ecobank on a N70billion portfolio commitment from the bank to Agribusiness projects initiated and de-risked by NIRSAL.

NIRSAL facilitates N2 billion loan to boost cocoa export in Ondo

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is providing Agro Traders Limited, a Cocoa processing and export company in Ondo State, with 50% Credit Risk Guarantee (CTG) for N2 billion working capital to export 22,000 metric tons of cocoa.
Patrick Akinwuntan, Managing Director, Ecobank Nigeria limited in a warm handshake with Aliyu Abdulhameed, Managing Director/CEO, Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) during a business visit of NIRSAL Management to Ecobank Head office in Lagos.

Ecobank announces N70 billion agriculture financing scheme

Ecobank Nigeria has entered into a strategic partnership with Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) with a N15 billion agricultural investment scheme being the first tranche in agricultural value chain financing.
Aliyu Abdulhameed

NIRSAL moves to raise over N140 billion for Agric financing

The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has initiated actions to raise over N140 billion to finance agriculture over the next three years. US$200 million (N75 billion) will be raised by NIRSAL in...
Gov. Abubakar Sani-Bello of Niger has urged the Muslim Ummah to pray for peace, unity and security for meaningful development in the country.

Niger government to acquire N1.8 billion tractors for 2019 farming season

The Niger State Government has concluded arrangements to procure 10 new tractors at the cost of N1.8 billion to boost its access to farmers in the state for the 2019 farming season.

NIRSAL secures fresh N4.5 billion from three banks for farmers

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.

Official: NIPOST’s financial inclusion intervention supports growth of SMEs, reduces unemployment

Nigerian Postal Service (NIPOST) says its financial inclusion intervention is geared toward supporting the growth of Small and Medium Enterprises (SMEs), contribute to poverty alleviation and reduce unemployment in the country.
Aliyu Abdulhameed

Over 200 farmers to benefit from NIRSAL lending

The Managing Director and Chief Executive Officer, Nigeria Incentive Based Risk Sharing for Agricultural Lending (NIRSAL), Aliyu Abdulhameed, has disclosed that in few weeks time, over 200 farmers stand to benefit from the take off of the Micro-Finance Bank (MFB) lending in the country.
Godwin Obaseki

Edo farmers get N5 billion investment

The Edo State Government has said it is investing N5 billion drawn from the Central Bank of Nigeria’s (CBN) Anchor Borrowers programme on development of over 10,600 hectares of land, which will guarantee farmers in the state access to funding to boost productivity.

Central bank to establish microfinance banks In 774 LGs

The Central Bank of Nigeria (CBN) is targeting to have Microfinance Bank branches in all the 774 local governments of the country.

Central bank to issue loans at five percent to SMEs through NIRSAL microfinance bank

The Central Bank of Nigeria (CBN), says it will issue loans at five per cent and with no collateral to Small and Medium Enterprises (SMEs) through the NIRSAL Micro Finance Bank (MFB).

Central bank to establish national micro-finance bank

A national micro-finance bank is to be established to promote access to credit finance for small, medium enterprises (SMEs) and other unbanked groups in the country, the Central Bank of Nigeria (CBN) said on Thursday.

Recent Stories

The Nigerian Air Force on Tuesday in Abuja winged its first female fighter pilot, first female helicopter pilot and first female Air Warrant Officer. The first female fighter (combatant) pilot winged is Flying Officer Kafayat Sanni and first female helicopter pilot, Tolulope Arotile. They were the two female pilots among the 13 that were winged. The two female pilots had successfully completed their pilot training courses in the United States of America and South Africa. The newly promoted first female Air Warrant Officer, Grace Garba, was also decorated with her new rank.

NAF wings first female fighter pilot, helicopter pilot, AWO — in pictures

The Nigerian Air Force on Tuesday in Abuja winged its first female fighter pilot, first female helicopter pilot and first female Air Warrant Officer.
Queen Elizabeth II has appointed Nigerian-born Ugbana Oyet, 43, as the UK House of Common Serjeant at Arms.

Queen Elizabeth appoints Nigerian-born Ugbana Oyet as House of Common Serjeant at Arms

Queen Elizabeth II has appointed Nigerian-born Ugbana Oyet, 43, as the UK House of Common Serjeant at Arms.

UNIZIK dismisses embattled senior lecturer

The Nnamdi Azikiwe University, Awka, has finally dismissed embattled senior lecturer in the Department of Pure and Industrial Chemistry, Faculty of Physical Sciences, Peter Ekemezie.
Barcelona are keen on signing Red Bull Salzburg youngster Karim Adeyemi but have a tough battle on their hands to do so.

Barcelona face fight to snap up Karim Adeyemi from Salzburg

Barcelona are keen on signing Red Bull Salzburg youngster Karim Adeyemi but have a tough battle on their hands to do so.
Abdullahi Umar Ganduje

Kano governor promises justice for kidnapped kids

Governor Abdullahi Ganduje of Kano State has promised to ensure that justice is done for the nine children and victims of kidnapping from the state.