COVID-19 Funds: CBN disburses N107.45bn to beneficiaries

CBN moves to regulate Open Banking in Nigeria

At least N107.45 billion has been accessed by beneficiaries from the N1.15 trillion Central Bank of Nigeria’s (CBN’s) COVID-19 pandemic intervention funds within the last 90 days, data by the apex bank has indicated. The data showed that close to 6,000 beneficiaries, comprising organisations and individuals, had accessed the loans so far. The various CBN COVID-19 intervention funds include, the N100 billion healthcare sector intervention fund, the N1 trillion intervention targeted at agriculture and manufacturing firms, and the N50 billion targeted credit facility for households and SME’s. The CBN data…

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