• Advertise
  • Contact
GFH News
Advertisement
  • Home
  • Economy
  • Politics
  • Others
    • Security
    • Health
    • Metro/General News
    • Crime
    • Law/Judiciary
    • Entertainment
  • Contact
No Result
View All Result
  • Home
  • Economy
  • Politics
  • Others
    • Security
    • Health
    • Metro/General News
    • Crime
    • Law/Judiciary
    • Entertainment
  • Contact
No Result
View All Result
GFH News
No Result
View All Result
Home Economy

3,256 benefit from CBN N50bn COVID-19 credit facility — NIRSAL MD

gfhnews.com by gfhnews.com
April 30, 2020
in Economy
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

No fewer than 3,256 individuals and small businesses have so far benefited from the Central Bank of Nigeria’s (CBN) N50 billion Targeted Credit Facility (TCF) to cushion effects of COVID-19.

The Managing Director of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Mr Abubakar Kure, disclosed this at the disbursement of the first phase of the facility in Abuja on Thursday.

CBN had in March announced the release of N50 billion TCF stimulus package to support households and Micro Small and Medium Enterprises (MSMEs) affected by COVID-19 pandemic.

Kure said the first batch of beneficiaries had received the facility, adding that subsequent disbursements would be done on weekly basis.

He explained that the idea was to provide cash flow or liquidity in order to mitigate effects of COVID-19 pandemic and help the economy to normalise.

Kure added that businesses and individuals were seriously affected by this deadly virus in the country.

The managing director, who congratulated the beneficiaries, urged them to repay so that others could benefit saying that this was meant to serve as a short term relief for them.

He noted that the process was transparent and accessible to all and sundry and ensured only applicants who were qualified were selected.

He said documentation was one of the challenges of the process but the bank was doing everything possible to overcome it.

Previous Post

Pharmaceutical industry looking into 145 potential COVID-19 therapies

Next Post

Operation Checkmate: Army parades 13 suspects for alleged impersonation in Lagos

gfhnews.com

gfhnews.com

Next Post

Operation Checkmate: Army parades 13 suspects for alleged impersonation in Lagos

Leave a Reply Cancel reply

Your email address will not be published.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

Stay Connected test

  • 79 Followers
  • 22.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Creative Industry Group honours Ovularia of ‘New Masquerade’

Creative Industry Group honours Ovularia of ‘New Masquerade’

December 6, 2020
Arrest me with proof that I plan instigating violence in Ebonyi — Egwu

Arrest me with proof that I plan instigating violence in Ebonyi — Egwu

November 28, 2020
Witness reveals roles played by Lt.-Col. Bello, Brig.-Gen. Omata at Lekki Tollgate shootings

Ilorin popular Prophet bags 4-yr jail term for dealing in human parts

December 14, 2020
Police operatives rescue two persons from bandits in Kaduna

3 in police net for allegedly stealing 3-day-old child in Kaduna

November 27, 2020

My career at a crossroads – Aubameyang

2

Lady, 28, dumps my 65year-old brother at LUTH after stealing his millions – Sister

2

Court orders final forfeiture of N426.7m belonging to rtd. Army General

1

Mapoly 2007 Mass Comm graduates provide stimulus packages for colleagues

1
Cross River Govt. demolishes houses of suspected kidnappers

Cross River Govt. demolishes houses of suspected kidnappers

January 18, 2021
Defection: Court fixes Feb. 4 suit seeking Dogara’s sack

Defection: Court fixes Feb. 4 suit seeking Dogara’s sack

January 18, 2021
Gunmen abduct Edo Head of Service

Gunmen abduct ATBU’s Prof. Aliyu Mohammed, kill son

January 18, 2021
Witness reveals roles played by Lt.-Col. Bello, Brig.-Gen. Omata at Lekki Tollgate shootings

Alleged N1.9bn fraud: Court orders resumption of trial of ex-Niger Gov Aliyu

January 18, 2021

Recent News

Cross River Govt. demolishes houses of suspected kidnappers

Cross River Govt. demolishes houses of suspected kidnappers

January 18, 2021
Defection: Court fixes Feb. 4 suit seeking Dogara’s sack

Defection: Court fixes Feb. 4 suit seeking Dogara’s sack

January 18, 2021
Gunmen abduct Edo Head of Service

Gunmen abduct ATBU’s Prof. Aliyu Mohammed, kill son

January 18, 2021
Witness reveals roles played by Lt.-Col. Bello, Brig.-Gen. Omata at Lekki Tollgate shootings

Alleged N1.9bn fraud: Court orders resumption of trial of ex-Niger Gov Aliyu

January 18, 2021

GFH News is a Nigeria based online news platform that gives news on the go. Our team gather news from different sectors, locally and internationally, with fact checks.
Get the news as it breaks.

Browse by Category

  • Agriculture
  • Banking
  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • FACT CHECK
  • Feature
  • Foreign
  • Health
  • Labour
  • Law/Judiciary
  • Metro/General News
  • Oil&gas
  • Politics
  • Religion
  • Science
  • Security
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • work

Recent News

Cross River Govt. demolishes houses of suspected kidnappers

Cross River Govt. demolishes houses of suspected kidnappers

January 18, 2021
Defection: Court fixes Feb. 4 suit seeking Dogara’s sack

Defection: Court fixes Feb. 4 suit seeking Dogara’s sack

January 18, 2021
  • Advertise
  • Contact

© 2020 GFH News

No Result
View All Result

© 2020 GFH News