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#CBN develops framework for grants and long-term facilities to researchers, science institutions and biotechnology firms to develop Nigerian Vaccine for Corona Virus.
#COVID19 #Emefiele says CBN will support development of vaccine ONCE validated by the Health Authorities
#Emefiele challenges Nigerian Scientists across the world to develop a Nigerian vaccine to check corona virus
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Central Bank of Nigeria
@cenbank
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#CBNResponsetoCOVID19 #COVID19 #CBN to Inject additional N1 Trillion Stimulus in Economy
#CBNResponsetoCOVID19 #COVID19 Emefiele, Bank Chiefs meet on March 21, 2020 to strategize on Stimulus Plan
#CBNResponsetoCOVID19 #COVID19 CBN to boost health sector with additional N100b loan
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Central Bank of Nigeria
@cenbank
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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
Read 12 tweets
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Central Bank of Nigeria
@cenbank
A Thread
To guard against excess, unapproved or arbitrary charges by banks and other financial institutions, the Guide to Bank Charges stipulates a penalty of N2,000,000 per infraction
or as may be determined by the #CBN from time to time for financial institutions that breach any provision of the guide.
The guide also emphasizes that failure by any bank to comply with CBN’s directive in respect of any infraction shall attract a further penalty of N2,000,000 daily
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