CardinalStone Research
The Central Bank of Nigeria (CBN) has announced six initial policy measures to mitigate the impact of COVID-19 pandemic on the Nigerian economy.
These measures include:
- Extension of a moratorium on loans
- Interest rate reduction
- Creation of N50 billion fund
- Credit support for the healthcare sector
- Regulatory forbearance
- Strengthening of loan-to-deposit rate policy.
More analysis to follow.