CoronavirusEconomyNewsNigeriaCOVID-19: Intervention-Loan Repayment Suspended for One Year – CBN
The Central Bank of Nigeria has announced that it is giving a one-year moratorium on all principal repayments for COVID-19 intervention loans. This is done through its participating Other Financial Institutions (OFIs) taking effect from March 1, 2020. This was made known on Wednesday, in a circular signed by the Director, Finance Police, and Regulation Department, Kelvin Amugo. The circular also stated that as part of the continued efforts of the apex bank to mitigate...










