Nigeria: CBN Offers Friendly Credit to Revamp Oil Palm Farming

Abuja — The Central Bank of Nigeria (CBN) has announced a single digit lending rate to fast-track the resuscitation of the nation's palm oil industry as a second foreign exchange earner.

Consequently, it has added the commodity to its Anchor Borrowers Programme (ABP) and Commercial Agriculture Credit Scheme (CASC) for farmers with lending not exceeding nine per cent yearly.

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