CBN suspends intervention-loan repayment for one year

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The Central Bank of Nigeria has said it is giving one-year moratorium on all principal repayments for COVID-19 intervention loans through its participating Other Financial Institutions with effect fro

m March 1, 2020.

It also stated that as part of its continued efforts to mitigate the impact of coronavirus on households, businesses and regulated institutions, it had reduced interest rates on its facilities through the participating OFIs from nine per cent to five per cent per annum for one year effective March 1, 2020.

According to the circular, the OFIs have also been granted leave to consider temporary and time-limited restructuring of the tenor and loan terms for households and businesses affected by COVID-19, subject to the recently issued guidelines for restructuring affected credit facilities in the OFI subsector.

 

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You are not talking about the massacre in Kaduna.

I knew from the beginning that this intervention loan is a scam a way of embezzle money. This government are the best corrupt government in the history of Nigeria.

There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna There's a massacre in Kaduna!! Copy and paste, let it get to the relevant authorities.

God bless CBN

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