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NIRSAL provides N1.15bn facility to boost firm's cocoa export


NIRSAL provides N1.15bn facility to boost firm’s cocoa export
The Punch
Published 5 July 2021
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has provided ADT Russet Limited, a cocoa bean sourcing and exporting company, with 50 per cent credit risk guarantee on a working capital facility of N1.15bn.
The company said during a tour of its factory in Apapa, Lagos State that the facility would help Nigeria benefit from the over $67bn global cocoa market.
It said apart from the absorption of a substantial part of its risk exposure in the event of loan delinquency, NIRSAL was also providing efficient monitoring of the project aimed at boosting ADT Russet’s export volume to 4,000 metric tonnes per annum. ....

Ondo State , Lagos State , John Chukwu , Aliyu Abdulhameed , Charles Eteri , Keystone Bank , Remediation Office , Nigeria Incentive Based Risk Sharing System , Agricultural Lending , Chief Executive Officer , Regional Head , Deposit Money Banks , ஒண்டோ நிலை , லாகோஸ் நிலை , கீஸ்டோன் வங்கி , பரிகாரம் அலுவலகம் , நைஜீரியா ஊக்கத்தொகை அடிப்படையிலானது ஆபத்து பகிர்வு அமைப்பு , தலைமை நிர்வாகி அதிகாரி , பிராந்திய தலை , வைப்பு பணம் வங்கிகள் ,

NIRSAL boosts cocoa supply chains in Lagos with N1.15bn


• ADT Russet Ltd to export 4,000MT yearly
As the world global cocoa market value hits $67 billion, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has activated its resources to maximise Nigeria’s participation in the raw material supply chains.
 
Hence, NIRSAL has provided 50 per cent Credit Risk Guarantee (CRG) on a working capital facility of N1.15 billion to ADT Russet Limited, a cocoa bean-sourcing and exporting company in Lagos State.
 
Besides the absorption of a substantial part of its risk exposure in the event of loan delinquency, NIRSAL Plc is also providing efficient monitoring of the project, which is aimed at boosting ADT Russet’s export volume to 4,000MT yearly. ....

Ondo State , Lagos State , John Chukwu , Aliyu Abdulhameed , Charles Eteri , Russet Ltd , Keystone Bank , Plc Project Monitoring , Remediation Office , Development Finance Institutions Dfis , Arma Dei Trading , Managing Director , Regional Head , Nigeria Incentive Based Risk Sharing System , Agricultural Lending , Risk Guarantee , Special Purpose Vehicle , Arma Dei Trading Limited , Project Monitoring , Deposit Money Banks , Merchant Banks , Finance Houses , Development Finance Institutions , ஒண்டோ நிலை , லாகோஸ் நிலை , கீஸ்டோன் வங்கி ,

Travellers to access $4,000 as CBN boosts forex supplies


Punch Newspapers
Sections
Published 17 June 2021
Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following the Central Bank of Nigeria’s announcement to increase forex supplies.
Sources from some of the banks said those travelling on business trips could also access a maximum amount of $5,000 for each trip.
The CBN had said in a recent statement that it had concluded plans to increase the amount of foreign exchange allocated to banks to meet legitimate needs.
This followed the warning by the CBN Governor, Mr Godwin Emefiele, to Deposit Money Banks to desist from denying customers the opportunity to purchase foreign exchange. ....

Abubakar Suleiman , Herbert Wigwe , Patrick Akinwuntan , Godwin Emefiele , Access Bank , Banker Committee , Central Bank , Sterling Bank , Medium Enterprises , Deposit Money Banks , Personal Travel Allowance , Basic Travel Allowance , Foreign Direct Investment , Group Managing Director , Managing Director , நுழைவு வங்கி , வங்கியாளர் குழு , மைய வங்கி , ஸ்டெர்லிங் வங்கி , நடுத்தர நிறுவனங்கள் , வைப்பு பணம் வங்கிகள் , தனிப்பட்ட பயணம் கொடுப்பனவு , அடிப்படை பயணம் கொடுப்பனவு , வெளிநாட்டு நேரடி முதலீடு , குழு நிர்வகித்தல் இயக்குனர் , நிர்வகித்தல் இயக்குனர் ,

Bullion van attack: Police beg man whose CCTV captured robbery attack to release video

Bullion van attack: Police beg man whose CCTV captured robbery attack to release video
modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.

Dzifa Bampoh , Ambrose Dery , Interior Minister Mr Ambrose Dery , Deposits Money Banks , Specialized Deposit , அம்ப்ரோஸ் தேரி , உட்புறம் அமைச்சர் திரு அம்ப்ரோஸ் தேரி , வைப்பு பணம் வங்கிகள் ,