To tackle the impact of the pandemic, various governments introduced several policies; Nigeria, and its key organisations, were not left out. Consequently, the Central Bank of Nigeria reduced interest rates on all applicable CBN interventions, from nine to five per cent and introduced a one-year moratorium.
Browsing: Chinyere Joel-Nwokeoma
Among the challenges that confronted the sector were policy inconsistency leading to closure of many textile companies occasioned by poor power supply, smuggling, poor access to finance and high operating cost, among others.
When the management of First Bank of Nigeria Limited hoisted its flag on March 1, 2019 across Nigeria and other countries where it operates, symbolising the commemoration of the bank’s 125th anniversary, the gesture sparked a groundswell of encomiums.