CBN cancels compulsory guarantor for COVID-19 Targeted Credit Facility

The Central Bank of Nigeria said all applicants for its Covid-19 household and small and medium enterprise support loans will no longer require guarantors to access the facility.

In a notice posted on its official Twitter handle, the CBN said:

“CBN waives the requirement for the provision of guarantors by Households and SMEs applying for its N50bn COVID-19 Targeted Credit Facility”

The Apex bank did not state which criteria it would use to screen applicants.


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