Nigeria's Central Bank Halts Covid-Linked Relief On Loans, Takes Interest Rate Back to 9% PremiumTimesng: Nigeria
says it has changed interest rates on all its applicable intervention facilities from five per cent per annum back to nine per cent.a reduction of interest rates on all its intervention facilities from nine per cent to five per cent per annum for one year, as part of policies to cushion the negative impact of the deadly coronavirus on Nigerian businesses and economy.
They include the Anchor Borrowers, Commercial Agricultural Credits Scheme, Micro-Small and Medium-scale Enterprise, or Agri-Business/Small and Medium Enterprise Investment Scheme programmes.
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