Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

Stanbic IBTC boosts agric sector with low interest loans

Published by The Nation on Wed, 24 Feb 2021


By Collins NwezeStanbic IBTC Bank Plc has reaffirmed its commitment to the growth of Nigerias agriculture sector by supporting farmers and other players in the agricultural value chain.As the demands on agribusinesses change seasonally, the foremost financial institution provides financing solutions for agricultural enterprises to suit their requirements. These needs range from availability of resources, to farming equipment, as well as enhancement of seasonal cashflow, amongst others.Stanbic IBTC Bank Plc offers various low-interest credit facilities across the agricultural sector that will help clients to cushion the impacts of the COVID-19 pandemicSpeaking on this, Head, Agribusiness, Stanbic IBTC Bank Plc, Wole Oshin, said that the agribusiness financial solution is geared towards ensuring that players in the agriculture space are not hindered by lack of finance.He said: The banks suite of agribusiness solutions minimises risks, ensures maximum control and optimises profits associated with international trade by making transactions smoother, simpler and safer for all parties involved. Some benefits of the Stanbic IBTC Agribusiness Finance include: availability of gap-funding for unforeseen financial needs, maintenance of cash flow and flexibility of repayment terms based on the type of funding. This facility is also versatile and can be utilised for funding resources, vehicles and farming equipment.Oshin noted that agricultural enterprises can access Overdraft to finance their short-term cash flow and working capital needs. With quick and flexible processes, funds are available when needed and interest is paid only on funds utilised, not on the full amount on which the limit is set, he added.He further reiterated that the Asset Finance solution can aid in the financing of all farming vehicle and implement needs, with a wide range of packages to suit business cash flow and tax requirements. Vehicles and assets such as tractors, harvesters, irrigation equipment and so on, to enhance production, he said.Other available facilities are Business Revolving Credit Loan, Agricultural Production Loan and Medium-Term Finance. These are suitable for grain farmers, individual farmers, groups and entities in the agricultural sector. Our loans are designed to accommodate the purchase of various agricultural inputs (like seeds, fertilizers etc), livestock, agriculture-related products and asset acquisition.
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs