CBN orders banks to begin lending to focal commodities

CBN orders banks to begin lending to focal commodities

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The Central Bank of Nigeria (CBN) on Friday directed all banks in the country to begin funding the focal commodities under the Export Facilitation Initiative (EFI). Under the initiative, the focal commodities for value chain development would be cocoa, cashew, palm oil, sesame seeds and shea. In a circular signed by Kevin Amugo, director, financial…

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