Category: Agric & Commodity News

NAIC Promises the Floods Disaster Insured Farmers Prompt Payment of Compensations

From left: Special Assistant to Managing Director, Nigerian Agricultural Insurance Corporation, Funsho Olumoko; Deputy General Manager, Technical, Kunle Martins; Managing Director, Folashade Joseph; Executive Director, Finance/Admin., Philip Ashinze and Deputy General Manager, Legal, Chike Okafor at the event. In view of the recent flood disaster across the country, the Board and management of Nigerian Agricultural…

CBN’s 9% credit policy excites farmers

Farmers have applauded the nine per cent interest rate credit policy of the Central Bank of Nigeria (CBN) to the agriculture sector but called for prompt monitoring of the Commercial Banks to guarantee effective implementation Under the new policy, agricultural, manufacturing and the sectors considered as growth and employment stimulating, can borrow long term as…

“CBN’s single digit interest rate remarkable” – Audu Ogbeh

Nigeria’s Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has lauded the Central Bank of Nigeria, CBN, and Bankers’ Committee on the agreement to offer single-digit interest rate of nine percent to operators in the agricultural and manufacturing sectors of the economy. The Minister described the development as a remarkable progress in government’s efforts towards boosting…