Source: Central Bank of Nigeria |

Coronavirus - Nigeria: The Central Bank of Nigeria introduces the Healthcare Sector Research and Development Intervention Scheme (HSRDIS)

The Scheme is intended to boost domestic manufacturing of critical drugs and vaccines to ensure their sustainable domestic supply

The Central Bank of Nigeria (CBN), as part of its policy response to the COVID-19 pandemic, introduces the Healthcare Sector Research and Development Intervention Scheme (HSRDIS) to help strengthen the public healthcare system with innovative financing of research and development (R&D) in new and improved drugs, vaccines and diagnostics of…

Source: Central Bank of Nigeria |

Turning COVID-19 tragedy into opportunity for New Nigeria

By Godwin I. Emefiele, Governor of the Central Bank of Nigeria

As many people are now aware, the outbreak of the Novel Coronavirus Disease (COVID-19) in China has rapidly permeated and profoundly changed the world. While this crisis is first and foremost a public health issue, which has claimed the lives of over 123,600 people worldwide, and counting, the economic damages…

Source: Central Bank of Nigeria |

Coronavirus - Nigeria: Undisrupted Financial Services During COVID-19 Lockdown

The Minister of Finance, Budget and Planning and the Governor of the Central Bank of Nigeria obtained Presidential approval to permit critical financial services to function

It will be recalled that President Muhammadu Buhari had issued a directive restricting the movement of people – excluding those on essential service - with effect from 11pm on Monday, March 30, 2020, in the Federal Capital Territory (FCT), Lagos and Ogun States, as a response to the corona virus…