CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus

★★★★★★★★★★★★★★★★★★★★★
CLICK TO DOWNLOAD JETHITMUSIK MOBILE APP
★★★★★★★★★★★★★★★★★★★★★

A N50bn Credit Facility has been unveiled by the Central Bank of Nigeria a facility specifically to cater for the needs of households and small businesses that have and will be adversely affected by Coronavirus (COVID-19).

According to the CBN, those will be eligible for the stimulus package must prove that they, their livelihood and business operations have been adversely affected by the spread of the virus.

MUST READ:  I WAS SHOCKED! Sagna Hits Out At Fabregas Over His Comments About Arsenal

Businesses eligible for the scheme are agricultural value chain activities, hospitality, health (pharmaceuticals and medical supplies), airline service providers, manufacturing and value addition, and trading.

The maximum amount to be received depending on proof of cash flow of investment size is N25m while households can access N3m with an interest rate of 5 per cent per annum for a maximum period of one year.

MUST READ:  Despite Court Order In 2017, DSS Yet To Release ABU Student Arrested In 2014

The apex bank says facility will be administered by its officers and the NISRAL Microfinance Bank.

The post CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus appeared first on Naijaloaded | Nigeria's Most Visited Music & Entertainment Website.

Source: News update

jethitmusik

Leave a Reply

Next Post

I Don’t Have Coronavirus — Reno Omokri

Thu Mar 26 , 2020
Post Views: 243 29 ★★★★★★★★★★★★★★★★★★★★★ CLICK TO DOWNLOAD JETHITMUSIK MOBILE APP ★★★★★★★★★★★★★★★★★★★★★ Best-selling author and former aide to ex-president Goodluck Jonathan, Pastor Reno Omokri, has debunked the rumour making the round on social media that he has caught the Covid-19, otherwise known as Corona Virus. Pastor Omokri, in a video […]
Copyright All right reserved Theme: Default Mag by ThemeInWP