The CBNs Policy Measures Set To Aid Businesses, Households and Other Stakeholders Through the Pandemic.

To further its commitment to ensuring financial stability in the country, the CBN has provided support via policy measures to households, businesses, financial institutions and other stakeholders, to help lessen the economic impacts created by the pandemic. The policy measures are: EXTENSION OF MORATORIUM: Effective March 1, 2020, all and any intervention loans under moratorium …

The CBN Announces New Policies To Help Businesses Through COVID19

A new set of policies have been implemented by the CBN to curb the negative effects of the pandemic on the country’s economy. Effective since March 1st 2020, interest rates of all applicable CBN intervention facilities have been slashed by 4% from 9%. Some of the intervention programs include the Anchor Borrowers, Commercial Agricultural Credits …

COVID-19: Some Donations Made To Nigeria So Far

Ever since the discovery of Nigeria’s index case of coronavirus in February, several donations have been made towards fighting the rampaging pandemic. As of 2nd May 2020, Nigeria has a total of 2388 cases, 385 discharged patients and 85 deaths. We’ve only managed to conduct 17,000+ tests till date. Nigeria has received gratuity funds from …