News
Meet 10 beneficiaries of CBN’s N1.1 trillion Anchor Borrowers Program

The Anchor Borrowers Program (ABP) of the CBN was established in November 2015 with the objective of creating economic linkages between Small Holder Farmers (SHF) and Anchors.
Overall, the program benefitted about 4.67 million farmers involved in either maize, rice or wheat farming.
Also, about N1.12 trillion was disbursed to 563 anchors with about N670.4 billion repaid and an outstanding payment of N450.90 billion. The program has been discontinued and the apex bank currently trying to recover funds.
The top ten beneficiary anchors of the program by amount disbursed are;
10. COPMAN
About N15.56 billion was disbursed to this anchor through the NISRAL MFB. It has successfully repaid N11.21 billion of the principal loan and has an outstanding balance of N4.24 billion.
Around 85,703 farmers were reached through this anchor with about 85,703 hectares of land approved for the program.
9. KEBBI STATE GOVT
The Kebbi state government received N17.78 billion under the program which it disbursed to about 91,323 farmers who cultivated about 90,772 hectares of land. The state has successfully repaid N9.62 billion and has an outstanding payment of N8.16 billion.
8. MAGPAMAN
This anchor received N20.07 billion which it disbursed to 105,031 farmers with 105,033 hectares of land approved for cultivation. It has repaid N12.73 billion with about N7.34 billion remaining.
7. NECAS
NECAS distributed N29.36 billion to 107,205 farmers who cultivated about 202,175 hectares of land. It has repaid N12.27 billion and has an outstanding balance of N17.08 billion.
6. WFAN
This anchor disbursed N30.31 billion received from the CBN to 100,240 farmers who cultivated 100,240 hectares of land. It has only repaid N5.95 billion of the principal sum and still owes N24.36 billion.
5. NACOTAN
N57.87 billion was disbursed to NACOTAN by the CBN. The anchor distributed the funds to 354,941 farmers who cultivated 370,617 hectares of land. However, the anchor has only been able to pay back N39.15 billion of the funds and currently owes N18.71 billion.
4. THRIVE AGRIC
This anchor disbursed N92.07 billion it received from the CBN to 305,000 farmers who cultivated 501,000 hectares of land. It has repaid N64.54 billion and has an outstanding payment of N27.53 billion.
3. MAAN
The third highest beneficiary of CBN Anchor Borrowers Program was MAAN who received N92.43 and disbursed the funds to 477,638 farmers who cultivated 606,870 hectares of land. MAAN has repaid N65.37 billion of the funds received and currently has owes N27.06 billion in outstanding payment.
2. AFEX COMMODITIES
This anchor received N169.27 billion from the CBN which it disbursed to 483,476 farmers cultivating 865,258 hectares of land. It has N66.17 billion in outstanding payment having repaid N103.10 billion.
1. RIFAN
The Rice Farmers Association of Nigeria (RIFAN) received the most funds under the Anchor Borrowers Program (ABP) at N283.01 billion. It also reached the most farmers (1,518,603 farmers) who cultivated the most lands at about 1,403,990 hectares of land.
It has repaid N137.24 billion of the principal amount and has N145.77 billion in outstanding payment.
News
REVELEAD: Why Pastor Kumuyi Is Changing Some Deeper Life Principles

The General Superintendent of the Deeper Christian Life Ministry, Pastor William Folorunsho Kumuyi, has announced a series of changes to some of the long-standing rules of the church, saying many of them were never scriptural but were introduced for administrative purposes.
Pastor Kumuyi, widely regarded as one of the most influential church leaders in the world, is the founder of Deeper Life Bible Church, which began in 1973 as a small Bible study group in Lagos.
Over the decades, the ministry has grown into a global Christian movement. The Lagos headquarters alone attracts over 120,000 worshippers weekly, placing it among the five largest single congregations worldwide. In Nigeria, the church boasts more than one million members with over 5,000 branches, and a further 3,000 branches spread across Africa, Europe, and North America.
Speaking at the church 2025 Global Family and Marriage Conference, Pastor Kumuyi announced modifications to certain marriage rules that had long been regarded as doctrinal. He clarified that many of these practices were never rooted in the Bible but were merely administrative guidelines designed to provide structure.
One of the major changes is the cancellation of the restriction that prevented a lady from visiting her suitor before marriage. According to Kumuyi, intending couples may now visit each other during courtship, provided they are accompanied by an elder. The long-held six-month mandatory courtship period has also been scrapped. “We just felt you need some time to know one another. And then we said one month will be too short, two months too short. So, why not six months? But it is not from the Bible,” he said.
He stated the importance of Christians being able to distinguish between God’s commandments and church traditions.“As a Christian, you need to be so mature that you know the difference between the law of God and the principles in the church. Six months is all right, but it’s not something inflexible. If we change it to three months, we’re not changing the Bible, because six months is not in the Bible,”
Pastor Kumuyi also clarified the role of marriage committees in Deeper Life, noting that their purpose was to provide guidance and not to exercise authority beyond what is written in the scriptures. “There’s no marriage committee in the New Testament. We created it to help you, not because we can give you a chapter and a verse. It is church administration,” he stated.
These changes are seen by people as another step in the ongoing review of church practices that many members and outsiders have often considered too strict. Since founding the church has faced both admiration and criticism for its distinct doctrines. Some of its earlier beliefs and practices have either been misinterpreted or have since evolved:
Technology Use: The church, which once opposed television and modern gadgets, now embraces media and social platforms for evangelism.read the gospel.
Marriage Rules: Inter-church marriages are now accepted, provided the partner is from a Bible-believing church with a holy standard of living.
Dress Code: The church still emphasizes modesty, but women no longer have to tie scarves at all times, and men are not strictly bound to suits.
Medical Treatment: While rumors once suggested Deeper Life discouraged hospital visits, today members are encouraged to seek proper medical care when needed.
Christmas Celebrations: Although many members spend Christmas at church camps, the church has clarified that celebrating Christmas is not forbidden.
Other misconceptions, such as supposed food restrictions or claims that Pastor Kumuyi had relocated to the UK, have also been dispelled.
Through these reforms, Pastor Kumuyi is reinforcing his long-held belief that while order is necessary in the church, it must never be mistaken for scripture.
Source: City People
News
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 12th September 2025

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 11th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1550 yesterday 11th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
News
2027: Jonathan’s running mate picked as campaign posters hit internet

The likelihood of former President Goodluck Ebele Jonathan entering the presidential race in 2027 is becoming increasingly apparent, particularly given the recent developments surrounding his potential candidacy.
Reports suggest that Jonathan is discreetly meeting with key political figures across the country, which adds to the anticipation surrounding his possible return to politics. Click link to continue reading.
News
2025: Nigeria Missed Out As Ghana Other Meet Top 10 African Countries With Stable Power Supply Emerge

More questions have been raised over the incompetence of the power sector in the country as Nigeria as many African countries making significant strides in enhancing their power supply stability by investing in modern electricity transmission networks, advanced grid infrastructures, renewable energy sources, and natural gas.
Their diversification prevents disruption in their electricity distribution. Foreign collaboration and smart technology are also some of the positive factors that support these countries’ power sector. …click link for full list here
News
DOLLAR CRUSHED AGAIN: See Dollar to Naira black market exchange rate

The Dollar to Naira exchange rate in the black market continues to highlight Nigeria’s forex supply challenges, with many individuals and businesses relying on the parallel market for transactions.
CBN maintains tighter controls and a lower rate at official windows, limited access and allocation restrictions force most importers, businesses, and students abroad to turn to the parallel market, where prices reflect actual demand and supply pressures. Click link to continue reading.
News
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 11th September 2025

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 10th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1545 yesterday 10th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1525
Selling Rate N1535
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate N1510
Lowest Rate N1506
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
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