CBN Notifies of Plans to Release a Framework For The Integration of Non-interest Window


Thursday, June 18, 2020 / 05:44 PM  / By CBN / Header Image Credit: Business AM Live


The Central Bank of Nigeria has unveiled today, via its official twitter handle, plans to release a framework for the integration of non-interest window in all its intervention programmes particularly the Anchor Borrowers' Programme (ABP) and the Targeted Credit Facility (TCF) to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

Proshare Nigeria Pvt. Ltd.


The CBN stated further that it earmarks N432bn to fund the value chains of nine commodities in the 2020 wet season farming.


CBN committed to aggressively fund its agricultural programmes and spur farmers along select crop value chains to prevent the country from sliding into a recession.


Over 1.1 million farmers, cultivating over one million hectares of farmland, are expected to benefit from the loans that will help to produce a collective output of 8.3 million metric tons.


Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.


Related News

  1. CBN Releases Guidelines on Healthcare Research and Development Grant
  2. CBN Revises Timelines for Dispense Errors, Refund Complaints
  3. CBN Extends Timeframe for the Submission of 2019 Audited Financial Statements of OFIs
  4. CBN, Bankers' Committee Suspend Lay-offs in Banks
  5. CBN Extends Deadlines for Compliance With The Revised Minimum Capital Requirements for MFBs
  6. CBN Publishes Approved Service Charter
  7. CBN Holds Roundtable On Going for Growth 2.0 on March 11 2020
  8. CBN Releases Exposure Draft of the Guidelines for the Regulation and Supervision of MFBs in Nigeria
  9. CBN Publishes Lists of Licensed Finance Companies, DMBs, PMBs, MFBs and BDCs As At Dec 31st, 2019
  10. CBN Issues Guideline on Nigerian Payments System Risk and Information Security Management Framework

Proshare Nigeria Pvt. Ltd.
Related News