The Central Bank of Nigeria (CBN) unveils plans for non-interest facility

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The Central Bank of Nigeria (CBN) has unveiled plans to release a framework for 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.

The Bank also plans to fund the value chains of nine commodities to the tune of N432 billion in the 2020 wet season.

 

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