Regulatory Forbearance for the Restructuring of Credit Facilities of Other Financial Institutions Impacted by COVID-19

Central Bank of Nigeria Circular
Summary

Permits OFIs to restructure credit facilities for COVID-19-impacted borrowers without automatic downgrade classification. Extended twice more (March 2021, March 2022) as the pandemic's economic impact persisted.

Applicability

Other Financial Institutions and their borrowers.

Open Source Document ↗
Document Details
Date Issued
27 May 2020
Date Effective
27 May 2020
Compliance Deadline
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