CBN Announces Response Measures To Tackle COVID-19 Menace - Health - Nairaland
Nairaland Forum / Nairaland / General / Health / CBN Announces Response Measures To Tackle COVID-19 Menace (256 Views)
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| CBN Announces Response Measures To Tackle COVID-19 Menace by BrandSpurNG: 3:41pm On Mar 16, 2020 |
CardinalStone Research The Central Bank of Nigeria (CBN) has announced six initial policy measures to mitigate the impact of COVID-19 pandemic on the Nigerian economy. These measures include: 1. Extension of a moratorium on loans 2. Interest rate reduction 3. Creation of N50 billion fund 4. Credit support for the healthcare sector 5. Regulatory forbearance 6. Strengthening of loan-to-deposit rate policy. More analysis to follow. SOURCE:https://brandspurng.com/2020/03/16/cbn-announces-response-measures-to-tackle-covid-19-menace/
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