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Evaluating impact of CBN s 300,000MT maize intervention on poultry industry | The Guardian Nigeria News - Nigeria and World NewsFeatures — The Guardian Nigeria News – Nigeria and World News

Evaluating impact of CBN s 300,000MT maize intervention on poultry industry | The Guardian Nigeria News - Nigeria and World NewsFeatures — The Guardian Nigeria News – Nigeria and World News
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

CBN releases 50,000 metric tonnes of Maize into Nigerian market

The Central Bank of Nigeria (CBN) has made good its word, as it has released 50,000 metric tonnes of Maize into the Nigerian market. The Bank’s February 2021 release of Maize in fulfilment of its pledge to reduce the price of the commodity, was done through the Anchor Borrowers’ Programme (ABP) to major poultry feed producers and poultry producers in the country. The CBN facilitated release of the 50,000 metric tonnes of Maize in the second week of February, has made an impact as the Maize Market has recorded a reduction in price fromN200,000.00 per metric tonnes to aboutN180,000.00 per metric tonnes. It is still anticipated that the current will further reduce.

CBN facilitates release of 50,000 MT of maize into Nigerian market

The Bank’s February 2021 release of Maize in fulfilment of its pledge to reduce the price of the commodity, was done through the Anchor Borrowers’ Programme (ABP) to major poultry feed producers and poultry producers in the country.

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