Business News of Monday, 16 March 2020
Source: www.mynigeria.com
The Central Bank of Nigeria has introduced six policy responses to combat Covid-19 scourge on the economy.
According to a statement by the apex bank, it promised to embark on these six programs which include: extension of moratorium on loans, interest rate reduction, creation of N50bn fund, credit support for the healthcare sector, regulatory forbearance and strengthening of Loan to Deposit Rate policy.
CBN announces 6 initial policy responses to combat Covid-19 scourge on economy: 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
— Central Bank of Nigeria (@cenbank) March 16, 2020