CBN Announces Policies To Combat Covid-19 Scourge On Nigeria’s Economy

The Central Bank of Nigeria, CBN has on Monday rolled out response policies to tackle the effect of Coronavirus on the nations economy.

Speaking at Mevo press briefing, the CBN listed among other six initial policies to the combat the scourge of the novel virus.

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The Apex bank listed: extension of moratorium on loans, interest rate reduction, creation of N50bn fund, credit support for healthcare sector, regulatory forbearance and strengthening of Loan to Deposit Rate policy.


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