2020-05-27 | FPR/DIR/GEN/CIR/06/055

Regulatory Forbearance for The Restructuring of Credit Facilities of Other Financial Institutions Impacted by COVID-19

The Central Bank of Nigeria (CBN) has implemented regulatory relief measures for the Other Financial Institutions (OFI) sub-sector to mitigate the impact of the COVID-19 pandemic. These measures include a one-year moratorium on principal repayments and a reduction in interest rates for CBN intervention facilities, as well as temporary restructuring options for affected households and businesses. The CBN will continue to monitor the situation and implement necessary measures to support financial stability and stakeholders affected by the pandemic.

Nigeria

Central Bank of Nigeria

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