Regulatory Alerts2020-03-16 | FPRD/DIR/GEN/CIR/07/050Guidelines for the Implementation of the N50 Billion Targeted Credit Facility
The Central Bank of Nigeria (CBN) announces policy measures to mitigate the economic impact of the COVID-19 pandemic, including a one-year extension of the moratorium on principal repayments for intervention loans, a reduction in interest rates, and the creation of a targeted credit facility for affected households and SMEs. The CBN also offers credit support to the healthcare industry and grants regulatory forbearance to Deposit Money Banks to restructure loans for affected businesses and households.
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credit
monetary