Rice farmers fail to repay 52% of N283.01 billion loan from Anchor Borrowers’ Programme
Rice farmers under the aegis of the Rice Farmers Association of Nigeria (RIFAN) have defaulted on about 52% of a ...
Tag: ABP
Inside CBN’s N10 trillion intervention where N193 billion loans have been declared lost
The apex bank report indicates that N289 billion of the loans are performing, N67.9 billion is substandard and N418.9 billion ...
CBN considers using GSI to recover Anchor Borrowers’ Programme loans from defaulters
The Central Bank of Nigeria (CBN) has warned that it may use the Global Standing Instruction (GSI) against Anchor Borrower ...
CBN disbursement to farmers under Anchor Borrowers’ Programme hits N1.01 trillion in May 2022
The CBN has distributed a total of N1.01 trillion to over 4.2 million smallholder farmers across the country as of ...
CBN interventions; Achieving its aim?
Despite these initiatives and many others by the CBN, the agriculture sector appears to have seen no real significant growth.
CBN threatens to arrest farmers who fail to pay back loans
The Central Bank of Nigeria has stated that farmers who default in paying back loans gotten from the Anchor Borrowers' ...
CBN revises guidelines for the Anchor Borrowers’ Programme (ABP)
The Central Bank of Nigeria has revised the Anchor Borrowers’ Programme (ABP) guidelines. This was disclosed by the apex bank ...
Hurdles before CBN, as ABP beneficiaries fail to repay loan
Recent media reports suggest the CBN is struggling to recoup the loans disbursed in 2015 from the concerned farmers under ...
