CBN facilitates release of 50,000 MT of maize, as price of commodity drops

The Central Bank of Nigeria (CBN) has made good its word, as it has released 50,000 metric tonnes of Maize into the Nigerian market. The Bank’s February 2021 release of Maize in fulfilment of its pledge to reduce the price of the commodity, was done through the Anchor Borrowers’ Programme (ABP) to major poultry feed producers and poultry producers in the country.

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Ellah Lakes to sell down 25% shares to meet NSE’s 20% free float requirements

WorldStage Newsonline– Ellah Lakes Plc, a Nigerian agribusiness that is currently specializing in Oil Palm & Cassava cultivation in Edo & Delta States said three major shareholders – CBO Capital Partners, Blackman & Co and Osaro Oyegun have had undertaken to each sell down 25% of their shares to resolve the lack of liquidity in the shares of the company on or before 15th March 2021.

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