Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/040
Title: Re: Regulatory Forbearance for the Restructuring of Credit Facilities Impacted by COVID-19
Summary: The Central Bank of Nigeria (CBN) has extended the 5% per annum interest rate on all CBN intervention facilities for one year, effective from February 28, 2022. Financial institutions are requested to adhere to this regulatory forbearance for the restructuring of credit facilities impacted by COVID-19. For further information, enquiries can be directed to the Director of the Development Finance Department.
Posted on: Tuesday, March 15, 2022
Download: FPR/DIR/PUB/CIR/001/040