BREAKING! CBN waives guarantor requirement for households, SMEs applying for N50BN COVID-19 facility

CBN tells all successful applicants to expect cash

If you are a household or a small and medium enterprises applying for the N50 billion COVID-19 credit facility, you no longer need a guarantor.

Nigeria’s apex bank, the Central Bank of Nigeria announced this on Monday afternoon in a tweet on its handle.

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

It also disclosed that “all successful applicants under the CBN COVID-19 Targeted Credit Facility whose accounts have not been credited should go to http://nmfb.com.ng and input their account details in any bank of their choice”.

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