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
Financial grant 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, Equatoria...
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