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Nigeria: US$2.6m (400billion naira) bail out for 5 banks

Description

The Central Bank of Nigeria on 14 August 2009 announced a 400 billion naira (USD 2'560'000'000) bail out for 5 banks after sacking the CEOs and executive directors of the banks on 14 August 2009. The ...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

14 Aug 2009

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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