…as apex bank rolls out modalities The Central Bank of Nigeria (CBN) has approved N50 billion intervention fund for the revamping of Nigerian textile industry. In a document obtained from the apex bank by BusinessMetricsNG the apex bank explained the modalities of the fund as a one-off intervention with a seed fund of N50 billion that will terminate by December 31, 2025. It further stated that the financing amount is a maximum of N2 billion for a single obligor in respect of new facilities and N1.0 billion for refinancing,…
Read moreNigerians textile companies to get CBN’s N50bn seed fund
