Updated: CBN, Bankers’ Committee set up N200bn fund for exports

... propose 10-year tenure at single-digits

The Central Bank of Nigeria (CBN) and the Bankers’ Committee on Thursday set up a N200 billion intervention fund for export business at a single-digit interest rate. The 10-year tenure loan is targeted at boosting palm oil, cocoa, sesame seeds, shea and cashew exports, as well as the creative industry. The intervention fund is expected…

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