• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result

CBN Yet to Disburse N300bn Real Sector Facility.

Editor by Editor
May 27, 2015
in Uncategorized
CBN Yet to Disburse N300bn Real Sector Facility.
Share on FacebookShare on TwitterShare on Linkedin

Nigeria’s apex bank, The Central Bank of Nigeria (CBN) has said it is currently appraising the over 200 applications received in respect of its N300 billion Real Sector Support Facility (RSSF).

To this end, the banking sector regulator explained that it was yet to commence the disbursement of the fund.

In a statement by Director, Corporate Communications, CBN, Alhaji Ibrahim Mu’azu, on Tuesday, the central bank said the policy objective of the RSSF is to provide long-term, low-interest financing intervention in support of the real sector of the Nigerian economy, in order to increase output, create jobs and conserve the country’s foreign exchange.

RelatedStories

CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019

He further stated that “the appraisal of the applications by Nigerian SMEs for the N300 billion RSSF is still in progress in strict compliance with the eligibility criteria of the facility.”

He assured that as soon as the appraisals are concluded, recommendations would be made to management of the bank for approval and subsequent disbursement.

He urged applicants for the RSSF to exercise a little patience to enable the Bank conclude the appraisals and to disregard speculations.

As part of efforts to unlock the potential of the real sector to engender output growth, value added productivity and job creation, the CBN had in March this year, announced the establishment of the RSSF. The facility shall be administered at an all-interest rate charge of nine per cent per annum payable on a quarterly basis. Specifically, the central bank shall be entitled to earn three per cent as interest and the banks, a six per cent spread.

The guidelines for the facility also stated that the fund would be used to support large enterprises for start-ups as well as expansion financing needs of N500 million up, to a maximum of N10 billion. The real sector activities targeted by the facility are manufacturing, agricultural value chain and selected service sub-sectors.

SOURCE: Thisday

Tags: News Review
Editor

Editor

Related Posts

CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices
Blurb

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019
Treasury Bills
Financial Literacy

20 Financial Terms You Need To Know In The Stock Market

August 5, 2018
MTN Nigeria Plc
Business News

30% equity of MTN’s shares could go to retail investors

June 13, 2018
[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies
Macros

THIS WEEK: Big Macros and a very important task for President Buhari.

June 10, 2018
internet subscriptions growth
Business News

Why Glo and 9mobile are losing their internet mobile subscribers

June 5, 2018
Next Post
Dangote set to inaugurate $480m cement factory in Ethiopia.

Dangote set to inaugurate $480m cement factory in Ethiopia.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • NNPC Ltd eyes four major FIDs by 2025, posts N5.89 trillion revenue in April 
  • SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 
  • Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

Follow us on social media:

Recent News

Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank

NNPC Ltd eyes four major FIDs by 2025, posts N5.89 trillion revenue in April 

June 12, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics