Stock QuotesEurobonds ($)
NIGERIAN EUROBONDS SEPTEMBER 25, 2020: 6.75% $500M Jan 2021 – 100.585/ 4.896%,   5.625% $300M Jun 2022 – 100.712/5.187%,   6.375% $500M Jul 2023 – 102.199/5.509%, 7.625% $1.118BN Nov 2025 – 104.348/6.611%,  6.500% $1.50BN Nov 2027 – 96.115/7.201%,   7.143% $1.25BN FEB 2030 – 95.875/ 7.768%, 8.747% $1.0BN Jan 2031 – 102.893/8.321%,   7.875% $1.50BN Feb 2032 – 96.058/8.418%,   7.696% $1.25BN Feb 2038 – 90.917/8.718%,  7.625% $1.50BN Nov 2047 – 90.002/8.579%,   9.248% $750M Jan 2049 – 100.016/9.244%.
Business Finance Info & Updates

CBN Commits N1.50 Trillion To Fighting COVID-19

ABUJA – The Central Bank of Nigeria(CBN) yesterday disclosed that it has so far spent about N1.50 trillion in implementing various initiatives to cushion the effects of COVID-19 on the Nigerian economy.

Mr. Godwin Emefiele, the CBN Governor gave the hint at the launch of the THISDAY Dome COVID -19 Testing, Tracing & Treatment Center in Abuja, saying such initiatives include the N50bil­lion intervention facility for small and medium scale enterprises af­fected by COVID-19; in addition to the N1 trillion facility for firms operating in the agriculture and manufacturing sectors.

Emefiele, who stated that Nige­ria’s economy is exposed to triple shocks including supply, demand, and revenue shock, also assured that CBN is working with finan­cial institutions to enable the con­tinuous flow of credit to viable businesses, while putting in place provisions such as moratoriums and restructuring of existing loans under CBN intervention funds that have been provided to businesses.

“In a bid to cushion the effects of COVID-19 on the Nigerian econ­omy, the Central Bank of Nigeria (CBN) has implemented several initiatives such as the N50b inter­vention facility for small and me­dium scale enterprises affected by COVID-19; in addition to the N1 trillion facility for firms operating in the agriculture and manufactur­ing sectors.

“We are also working with fi­nancial institutions to enable the continuous flow of credit to viable businesses, while putting in place provisions such as moratoriums and restructuring of existing loans under CBN intervention funds that have been provided to businesses. These measures are intended to cushion the effects of the slowdown in economic activity on businesses, while putting them in better stead to help resuscitate economic activ­ity in the country” he said.

Also Read:  Nigeria gets tough with ECOWAS, bans repackaged imported goods: Border closure

The CBN boss noted that COVID – 19 has had an unprecedented ef­fect on the global economy, stress­ing that Nigeria, economy is ex­posed to triple shocks.

Independent

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA ImageChange Image