2022-03-16 | FPR/DIR/PUB/CIR/001/040

Re: Regulatory Forbearance for the Restructuring of Credit Facilities Impacted by COVID-19

The Central Bank of Nigeria is offering a 5% per annum interest rate on all CBN intervention facilities for one year, effective retrospectively from February 28, 2022. This regulatory forbearance is intended to provide relief for credit facilities impacted by COVID-19. Further inquiries can be directed to the Director of the Development Finance Department.

Nigeria

Central Bank of Nigeria

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