Sunday, May 16, 2021

CBN says households, businesses can apply for N50bn COVID-19 loans



The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for loans under its N50bn Targeted Credit Facility.

It said the stimulus package was to support households and micro, small and medium enterprises affected by the COVID-19 pandemic, adding that beneficiaries could access up to N25m.

This was disclosed by the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending Microfinance Bank.