COVID-19 outbreak: CBN grants regulatory forbearance for restructure of credit facilities of other financial institutions

CBN building

Introduction The Central Bank of Nigeria (“CBN”) on 27 May 2020 approved regulatory forbearance for the restructure of loans of Other Financial Institutions (“OFIS”) impacted by the outbreak of COVID19. The initiative is part of CBN’S policy measures to mitigate the impact of the pande

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