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CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus (39661 Views)

Application For CBN COVID-19 Stimulus Package For Households, Businesses Reopens / Nigerian Businesses Affected By Coronavirus Outbreak / Dangote Announces Issuance Of ₦50 Billion Series 1 & 2 Under ₦ 150 Billion C.P (2) (3) (4)

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CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by ebukajay184: 11:39am On Mar 26, 2020
A N50bn Credit Facility has been unveiled by the Central Bank of Nigeria – a facility specifically to cater for the needs of households and small businesses that have and will be adversely affected by Coronavirus (COVID-19).

According to the CBN, those will be eligible for the stimulus package must prove that they, their livelihood and business operations have been adversely affected by the spread of the virus.

Businesses eligible for the scheme are agricultural value chain activities, hospitality, health (pharmaceuticals and medical supplies), airline service providers, manufacturing and value addition, and trading.

The maximum amount to be received depending on proof of cash flow of investment size is N25m while households can access N3m with an interest rate of 5 per cent per annum for a maximum period of one year.

The apex bank says facility will be administered by its officers and the NISRAL Microfinance Bank.
http://saharareporters.com/2020/03/25/cbn-introduces-n50bn-credit-facility-households-small-businesses-affected-coronavirus

The phone number for NISRAL Microfinance Bank is 0813 988 2220

5 Likes 2 Shares

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by helinues: 11:40am On Mar 26, 2020
Loans with 5% interest?

Are this people serious?

126 Likes 3 Shares

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by paroh137(m): 11:56am On Mar 26, 2020
Economy go up or down, e no dey affect us cheesy Dollar rise e no rise we still dey chop cool






We're always buying Cashapp, Zelle, PayPal and BTC. Rate is sweet and payment is fast. Get in touch!

11 Likes 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by StRichard(m): 11:56am On Mar 26, 2020
Let them start by removing that 7.5percent VAT if they are serious.

43 Likes 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by bazzyblings: 11:56am On Mar 26, 2020
angry
Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by candidbabe(f): 11:56am On Mar 26, 2020
What of small business owners that their investment is not up to 25 million naira.

This loan is not for the masses but for the upper class.

114 Likes 4 Shares

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by michaellovaldo(m): 11:56am On Mar 26, 2020
Lolzz
Funny people

1 Like

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by peterpaulis(m): 11:56am On Mar 26, 2020
Here we go again

5 Likes

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by Nobody: 11:57am On Mar 26, 2020
more dash for those beneficiaries of government patronage
this is what the cynical masses have been saying all along

14 Likes 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by frugal(m): 11:57am On Mar 26, 2020
helinues:
Loans with 5% interest?

Are this people serious?

They are not, obviously.

24 Likes

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by owprint: 11:57am On Mar 26, 2020
When are they dashing us money..

Or is our own Corona different?

8 Likes

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by warrenweste(m): 11:57am On Mar 26, 2020
how do we access it
Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by Kerfuffle: 11:57am On Mar 26, 2020
Any loan given on interest is useless, evil and a total rip-off.
Emefile, stop behaving like the Jews of the old!

5 Likes 4 Shares

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by TuneChi369(m): 11:57am On Mar 26, 2020
Another Scam.

33 Likes 2 Shares

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by Alloyhardu(m): 11:58am On Mar 26, 2020
We know who go collect that money

20 Likes

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by Dgreatestt: 11:58am On Mar 26, 2020
Other countries are giving her citizens cash for upkeep, ours is doing business and giving loans with an interest rate cheesy cheesy grin

How does this even benefit d local man on the street?

Again, the rich will get richer.

Bunch of confused and selfish leaders

97 Likes 5 Shares

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by Mattyau: 11:58am On Mar 26, 2020
Others country are given out money aid to their citizens your here given loan God help

17 Likes 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by coolqayy(m): 11:58am On Mar 26, 2020
Please I am in a debt of about 300k which I have to pay by ending of april and have 100k with me . Feed up , still thinking of that they asked us to clear our school fee before mid April. don't know where to get it. Any business, advice , or help please nairalanders

1 Like

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by omonla10(m): 11:58am On Mar 26, 2020
but u must bring 80 page business proposal and 10 senator's signatures to access d loan..

We know as e dey go.

loans to do what exactly.. to eat abi. they start running pillar to post to pay back.. God punish all of u

28 Likes 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by fatymore(f): 11:58am On Mar 26, 2020
To do what?

4 Likes

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by hopeka(m): 11:59am On Mar 26, 2020
Scammers, money that has already been shared among the elites and thieves senators. Believe this news at your own peril. Audio loan

9 Likes 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by erico2k2(m): 11:59am On Mar 26, 2020

1 Like 2 Shares

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by kalvoken(m): 11:59am On Mar 26, 2020
Ndi Ala! Ndi Ala!! Ndi Ala!!!

Lekwa ha, coro GA eme ha vum na ahu.

10 Likes

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by rrreer: 11:59am On Mar 26, 2020
Rubbish. Must it be loan, can't these people learn from other countries

3 Likes

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by ECO405(m): 12:00pm On Mar 26, 2020
Bad government with bad policy

12 Likes 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by Gepheral: 12:01pm On Mar 26, 2020
Credit as in gbese on top coro

1 Like

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by Ayoefa: 12:01pm On Mar 26, 2020
Ok

Good plan. Loan at a reasonable interest rate.

2 Likes 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by positivelord: 12:01pm On Mar 26, 2020
Hmmm....I hate anything Audio
Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by 24kmagic: 12:02pm On Mar 26, 2020
kiss

1 Like 1 Share

Re: CBN Offers ₦50 Billion Credit To Households, Businesses Affected By Coronavirus by Kenmatt(m): 12:02pm On Mar 26, 2020
United States' Senate approved 2 trillion dollars for this.

Nigeria is talking just 50 billion naira.

Atiku donated 50 million naira.

I don't even know if we are buying Crayfish.

1 Like 2 Shares

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