Global Trade Alert
Global Trade Alert

Nigeria: Selective infusion of funds into banking sector

Announcement

02 Oct 2009

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

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

02 Oct 2009

Revocation date:

No revocation date

Updated: 02 Oct 2009
Capital injection and equity stakes (including bailouts) In force

The Central Bank of Nigeria is to inject an additional 200 billion naira into four banks that an investigation had revealed were in a "grave situtation." The four banks are: Spring Bank Plc, E...

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