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JanThe agriculture industry contributes significantly to the global economy by giving people all around the world access to food, fiber, and other goods. So, farmers need to have access to money so they can buy land, equipment, and other things they need to run their businesses. Lending to farmers is one way to get money. A farmer’s loan is a type of loan that was made just for farmers and farming businesses. We will go through how to apply for a farmer’s loan, the different sorts of loans that are available, the steps involved, and the criteria for acceptance. Farmer’s […]
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NovThe Students Loan Bill, intended to provide students with the funding to begin, continue, and complete their postsecondary education, has been approved by the National Assembly’s two chambers. The Speaker of the House of Representatives, Femi Gbajabiamila, was the primary sponsor of the legislation known as the “Students Loan (Access to Higher Education) Bill, 2019.” His Special Adviser on Media and Publicity, Lanre Lasisi, revealed this in a statement. If President Muhammadu Buhari signs the legislation, it will lead to the creation of a Nigerian Education Bank, which Nigerians can use to get interest-free loans for higher education or other[…]
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NovIn an aggressive bid to combat growing inflation and pressure on the naira, the currency of the nation, the Central Bank of Nigeria, CBN, increased its lending rate to 16.5 percent. At the conclusion of the Monetary Policy Committee meeting on Tuesday in Abuja, the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, disclosed this information. The interest rate was raised by the apex bank to 14 percent months ago. Emefiele claims that the action had the desired effects on the economy of the nation. According to Mr. Emefiele, the committee also decided to keep the asymmetric corridor[…]