Stakeholders in the agricultural sector have applauded the Central Bank of Nigeria over the slashing of interest rates on intervention funds from nine to five per cent, saying the gesture will increase the incomes of many beneficiaries and scale up the wealth of many start-ups in the country.
Source: Loan Digest (loandigest.net)
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Coronavirus: CBN to inject N1trn stimulus package – Daily TrustBarely 48 hours after the Central Bank of Nigeria (CBN) unveiled a six-point palliative to ameliorate the continued impact of the coronavirus (COVID-19) on the Nigerian economy and supply chains, the apex bank has announced it is raising the intervention to N1trillion. Even Corona Virus is cause by corruption~MAGU not me cenbank Taking their chance to strip our economy naked... Opportunists indeed!
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COVID-19: CBN to inject N1trn to reflate economy – Daily TrustHealth sector to get additional N100bn Barely 48 hours after it announced a six-point palliative to ameliorate the continued impact of the coronavirus on the nation’s economy and supply chains, the Central Bank of Nigeria (CBN) yesterday hinted of its plans to provide another N1trillion intervention fund to support key sectors of the economy …
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Coronavirus: CBN introduces measures to check effect of virus on economy - Daily Post NigeriaThe Central Bank of Nigeria has extended the moratorium on all its intervention funds. The new measure will cover interest rates reduction, creation of a
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CBN grants businesses one-year extension on loan repayment
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JUST IN: Coronavirus: CBN to inject additional N1trillion in Nigerian economyThe CBN governor, Godwin Emefiele, said the stimulus package will boost local manufacturing and import substitution Well done. Let’s try to revive the economy amidst this trying times of COVID19. The idea to leave out recurrent expenditure and to focus on capital projects that will add value to the economy was a necessary step.
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