Africa from N to Z

Africa from N to Z

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Summary

The Central Bank of Nigeria has set out a number of measures to tackle the impact of the coronavirus, including establishing a fund to support the country's economy (of 50
billion naira; i.e. EUR 121 million), targeted at households and micro and small enterprises. The interest rate has also been cut, a moratorium has been announced on
principal repayments for CBN intervention facilities and tax measures are being taken.

Source: KPMG Nigeria

Published: 2020

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