News & Events

APR 2020 NEWS Aluko & Oyebode

CBN Regulatory Interventions

The CBN has made a number of interventions to mitigate the economic impact of the pandemic. These interventions include the creation of a N50 billion credit facility targeted at households and SMEs affected by the pandemic, a N100 billion credit facility specifically aimed at the healthcare sector to meet potential increased demand for healthcare products and services, and a one year moratorium and reduced interest rate for existing CBN intervention facilities (for example the Commercial Agriculture Credit Scheme; Real Sector Support Facility; SME Credit Guarantee Scheme, etc.)

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