Global Trade Alert
Global Trade Alert

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

Announcement

14 Aug 2009

In August 2009, the government of Nigeria announced a change in private-sector financial support.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

14 Aug 2009

Revocation date:

No revocation date

Updated: 14 Aug 2009
Financial grant In force
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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