COVID-19: CBN waives compulsory guarantor on N50bn Credit Facility

CBN raises SMEs fund to N300bn as beneficiaries get N149.21bn

The Central Bank of Nigeria said all applicants for its Covid-19 household and small and medium enterprise support loans will no longer require guarantors to access the facility. In a notice posted on its official Twitter handle, the CBN said: “CBN waives the requirement for the provision of guarantors by Households and SMEs applying for its N50bn COVID-19 Targeted Credit Facility” The Apex bank did not state which criteria it would use to screen applicants but definitely not guarantor, as indicated in the tweet. All applicants to the N50 billion credit…

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