Crisis is brewing between the Central Bank of Nigeria and small-holder farmers who applied for the apex bank’s facilitated agric loan for small scale farmers.Daily Trust learnt that the interest on the loan, which the bank initially pegged at five percent, has now risen to nine percent and the development is not going down well with the farmers, who applied for the loan long ago.
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Manufacturers get N459.69bn of N1.169trn loans in 5 months — CBN – Daily Trust…CBN wants border closure sustained ADVERTISEMENT Following the loans to deposition ration policy recently announced by the Central Bank of Nigeria (CBN), aggregate deposit money banks’ lending to the real sector has peaked N1.169trn in five months as the manufacturing industry gets a record N459.69bn within the period, the highest in two decades.ADVERTISEMENTHOW OVER 5000 … On papers?
Source: Daily Trust - 🏆 13. / 51 Read more »