Alipay ups Africa reach with Ecobank deal

Multi-market African financial services provider Ecobank partnered Ant Financial’s Alipay to provide international remittance between users of the two services. Under the agreement instant transfers will also be available between Ecobank users and Alipay’s partner services. This gives Ecobank access to more than 1.2 billion users globally, the Africa-focused company added. Ecobank group consumer banking […]

FG Targets Agro-Industrial Processing Zones To Drive Investment In Agriculture

The federal government has said it would collaborate with the African Development Bank (AfDB) to promote and develop Special Agro-Industrial Processing Zones (SAPZS) in the country. Minister of State for Agriculture and Rural Development, Hon Mustapha Baba Shehuri, who disclosed this, said the move would enable both local and foreign investors to advance the level […]

ABP: Loan repayment excites CBN

Recently, the Central Bank of Nigeria (CBN) reported that out of a total of N622 billion disbursed by the bank to commercial banks under the Commercial Agricultural Credit Scheme (CACS), about N387.2 billion has been repaid. This signifies that Nigerian farmers are meeting up with loan repayment under the Anchor Borrowers Programme (ABP). Taiwo Hassan […]