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CBN unveils incentives for funding agric, manufacturing
The Central Bank of Nigeria (CBN) has unveiled incentives for deposit money banks who lend to the real sector of the economy, especially manufacturing and agriculture.Recall that the CBN Monetary Policy Committee (MPC), at its 119th meeting held on July 23 and 24, 2018, introduced its revised guidelines for accessing Real Sector Support Facility (RSSDF) through Cash Reserves Requirement (CRR)/Corporate Bonds (CBs).The programme involves investment by CBN and the public in CBs issued by corporates subject to the intensified transparency requirements for participating corporates.Read More…]