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CBN Cuts Interest Rates, Provides N50 Billion Credit

The Central Bank of Nigeria has announced its first set of policies to cushion the negative impact the deadly Coronavirus on Nigerian businesses and economy. 

News

Nigeria: CBN Unveils Palliative Measures to Cushion Impact of Coronavirus on Economy

The measures include a moratorium of one year on all principal repayments as well as interest rate reduction on all applicable CBN intervention facilities from nine to five percent per annum for one year effective 1 March, 2020.