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CBN Gov, #Emefiele restates commitment of Central Bank of Nigeria to support household, businesses, other stakeholders to cushion economic impact of corona virus #CBNResponsetoCOVID19 #COVID19
CBN grants one-year moratorium on all principal repayments on all CBN intervention facilities #CBNResponsetoCOVID19 #COVID19Nigeria
CBN directs participating financial institutions to provide new amortization schedule for all beneficiaries of CBN intervention facilities #CBNResponsetoCOVID19 #COVID19Nigeria
CBN Gov, #Emefiele announces reduction of interest rates on all applicable CBN intervention facilities from 9% to 5% per annum with effect from March 1, 2020 #CBNResponsetoCOVID19 #COVID19Nigeria
CBN creates targeted credit facility through NIRSAL Microfinance Bank for households and small and medium-sized enterprises (SMEs) hit by COVID19 #CBNResponsetoCOVID19 #COVID19Nigeria
CBN announces intervention loans to pharmaceutical companies planning to expand or open drug manufacturing plants in Nigeria #CBNResponsetoCOVID19 #COVID19Nigeria
CBN okays intervention facilities to hospitals and healthcare practitioners who plan to build health facilities or expand existing facilities to first class centres #CBNResponsetoCOVID19 #COVID19Nigeria
#CBN grants Deposit Money Banks (DMBs) leave to consider temporary and time-limited restructuring of tenor and loan terms for businesses in oil and gas, agriculture, manufacturing and households affected by outbreak of COVID-19 #CBNResponsetoCOVID19 #COVID19
#CBN Gov, #Emefiele pledges CBN support for industry funding levels to maintain capacity of DMBs to direct credit to individuals #CBNResponsetoCOVID19 #COVID19Nigeria
#Emefiele urges DMBs to continue to build capital buffers to improve resilience of the sector #CBNResponsetoCOVID19 #COVID19Nigeria
The CBN stands ready to provide liquidity backstops as and when required in view of its role as Banker to the Federal Government and lender of last resort” - #Emefiele #CBNResponsetoCOVID19 #COVID19Nigeria
#CBN to issue further updates on Bank’s response to economic impact of corona virus. #CBNResponsetoCOVID19 #COVID19Nigeria
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