• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Economy COVID-19: CBN, Bankers to Support Airlines, Media
  • Economy

COVID-19: CBN, Bankers to Support Airlines, Media

By
Prnigeia
-
August 25, 2020
Godwin Emefiele CBN Governor
Godwin Emefiele CBN Governor

COVID-19: CBN, Bankers’ Committee to Support Airlines, Media

On the prompting of the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, the Bankers’ Committee unanimously agreed to extend special facilities to Nigerian-registered airlines and the media industry in Nigeria, to enable them adequately address the negative impact of the corona virus (COVID-19) pandemic.

Addressing the Bank Chief Executives at the Bi-monthly virtual meeting of the Bankers’ Committee on Tuesday, August 25, 2020, Mr. Emefiele urged the banks to do all within their powers to support airlines in the country, noting that such support was critical to helping the industry recover from the economic crisis triggered by the COVID-19 pandemic.

Similarly, Mr. Emefiele urged the banks to support the efforts of the media industry in Nigeria, to cope with the lingering pandemic, in order to avoid massive job losses in the industry.

Read Also:

  • Senator Dickson Breaks Silence: Rejects Defection to APC, Backs Amupitan for INEC Chair
  • ECOWAS Anti-Corruption Network Re-Elects EFCC Chair Olukoyede, Adopts New Guidelines
  • NANS Issues 7-Day Ultimatum to FG, ASUU to End Dispute or Face Action

It will be recalled that the CBN, in the advent of the corona virus in Nigeria, announced a N1.2 trillion intervention funds to support critical sectors of the economy, N1 trillion of which was to support local manufacturing sector and to boost import substitution. The remaining N100 billion of the intervention fund was to support the health sector in equipping laboratories and enhancing research to produce vaccines and test kits in Nigeria. The Bank, also in March 2020, unveiled guidelines for the implementation of a N100 billion Targeted Credit Facility (TCF) as a stimulus package to support households and micro, small and medium enterprises affected by the COVID-19 pandemic.

Meanwhile, Tuesday’s move by the CBN and the Bankers’ Committee might just be an answer to the optimism expressed by the Minister of Aviation, Hadi Sirika, who said the ministry was hopeful that businesses in Nigeria’s aviation sector would be given opportunity to access palliatives from the Central Bank of Nigeria (CBN).

With support expected for the media in Nigeria, many media house will be able to weather the storm generated by the corona virus pandemic.

By PRNigeria
……………………..

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • CBN
  • Covid-19
Previous articleCBN Goes Tough on Exporters Over Forex Non-Repatriation
Next articlePolice Insist on Statutory Entry Requirements for Recruitment
Prnigeia
Prnigeia
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

CG Customs Bashir Adewale Adeniyi

Customs Tasks New Comptrollers on Discipline, Innovation

Nigeria Customs Service Warns Public Against Fake Recruitment Shortlist

Aliko Dangote

FG Brokers Truce in Dangote–PENGASSAN Dispute

Governor Abba Kabir Yusuf, Kano State

Gov Yusuf Launches N800m Youth Empowerment Scheme in Kano

Customs Pledges Stronger CSR, Assures Support for Sister Agencies

CG Customs Bashir Adewale Adeniyi

Customs Launches One-Stop-Shop, Targets 48-Hour Cargo Clearance

L-R: Director at the Security Exchange Commission (SEC), Mr Abdukadir Abbas; CEO of CANAG Communications, Senator Iroegbu; Founder of WANA Foundation, Hajia Aisha Babangida; Managing Partner of Metropolitan Law Firm, Hajia Ummahani Ahmad Amin; Associate Director at First Trustees, Mr Abimbola Ajinibi, during the 7th African International Conference on Islamic Finance (AICIF) Pitch Competition in Abuja…Yesterday PHOTO KINGSLEY ADEBOYE

20 Startups Vie for N5m Grants in Africa’s Leading Islamic Finance Pitch Challenge

Zaccheus Adedeji FIRS Chairman

FIRS Urges Citizens to Embrace Voluntary Tax Compliance for National Development

Sule Y. Sule @60: Celebrating a Master of Strategic Communication

Customs PR Workshop in Kano

Customs Opens PR Workshop in Kano, Tasks Officers on Integrity

CG Customs Bashir Adewale Adeniyi

Customs, MAN Renew Ties to Deepen Economic Collaboration

Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite at the Money20/20 Conference

Nigeria, Saudi Arabia Strengthen Economic Ties at Money20/20 Conference

Recent Posts

  • Senator Dickson Breaks Silence: Rejects Defection to APC, Backs Amupitan for INEC Chair
  • ECOWAS Anti-Corruption Network Re-Elects EFCC Chair Olukoyede, Adopts New Guidelines
  • NANS Issues 7-Day Ultimatum to FG, ASUU to End Dispute or Face Action
  • Again, Army Eliminates Bandits, Rescues 9 Abducted Victims in Kwara
  • NAF Decorates 64 Senior Officers Promoted to Group Captain
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Senator Dickson Breaks Silence: Rejects Defection to APC, Backs Amupitan for INEC ChairECOWAS Anti-Corruption Network Re-Elects EFCC Chair Olukoyede, Adopts New GuidelinesNANS Issues 7-Day Ultimatum to FG, ASUU to End Dispute or Face ActionAgain, Army Eliminates Bandits, Rescues 9 Abducted Victims in KwaraNAF Decorates 64 Senior Officers Promoted to Group CaptainAbuja's Real Estate: The Math Is Not Mathing By Hawwah A GamboBoko Haram: FG Commends Borno People for Overcoming Decade-Long ChallengesMarwa Urges Global Unity to Dismantle Criminal Drug Networks at UN SessionDSS Nabs Two Dismissed Officers for Impersonation, Defrauding NigeriansCustoms Tasks New Comptrollers on Discipline, InnovationRivers Police Arrest Two Kidnappers Who Lured Victim Through Dating SiteBusiness Mogul and Philanthropist Alhaji Ali Akinyele Dies at 78Troops Foil Drug Trafficking in Nasarawa as Suspect Flees, Abandons VehicleKano Correctional Service Explains Transfer of Inmate Abduljabbar KabaraTroops Raid Terrorist Camps in Taraba; Recover AK-47, Military Uniforms
X whatsapp