The Dangote Group of Industries has emerged overall winner at the Kaduna International Trade Fair which came to a close on June 6. Dangote Cement gained recognition as the “Best Exhibitor of Building Material”, while Dangote Sugar earned the NNew Product of the Year” award. Twitter ban: Don’t access social media via VPN, APC warns […]
The Nigeria Import Export Bank (NEXIM) is implementing N500 billion Non-oil Export Stimulation Facility and N100 billion Export Development Fund at single digit interest rate to support the production and export of goods and services.
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Speaking at the bank’s special day at the ongoing 42nd Kaduna International Trade Fair yesterday, Mr. Osita said the bank also reduced its interest rate on CBN intervention loans from 9 to 5 percent and initially created a N150 billion Targeted Credit Facility (TCF) for affected households and SME’s through the NIRSAL microfinance Bank.
Represented by the Branch Controller, Kaduna, Ahmed Mohammed Wali, he said the fund has since been increased in order to accommodate more beneficiaries, boost consumer expenditure and positively impact output growth.
He noted that the Anchor Borrowers’ Programme had provided intervention facilities to 3,107,949 small holder farmers cultivating 3.8 million hectares of land while about 29,026 beneficiaries have accessed N111.7 billion under the Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS).
CBN disburses N253bn to households, SMEs - Punch Newspapers punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.