CBN Urges Nigerians to Embrace Its N50bn Targeted Credit Facility; Waives Requirement

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Monday, June 08, 2020 / 10:35 PM / by CBN / Header Image Credit: Money Line

 

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The Central Bank of Nigeria (CBN) has waived the requirement for the provision of guarantors by Households and SMEs applying for its N50bn COVID-19 Targeted Credit Facility. This was announced today via its official twitter handle.


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The apex stated further that all successful Household and SME applicants who have submitted their account details for the CBN N50bn COVID-19 Targeted Credit Facility should expect their accounts to be credited within 48 hours of such submission.

 

All successful applicants under the CBN COVID-19 Targeted Credit Facility whose accounts have not been credited should go to the site linked HERE and input their account details in any bank of their choice.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

 

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