CBN Launches N220 Billion MSME Fund, to Disburse at Nine Percent

[Leadership]The Central Bank of Nigeria (CBN) finally launched the much awaited N220 billion Micro, Small and Medium Enterprises (MSME) Development Fund yesterday, saying it would disburse the money at interest rate of no more than nine per cent per annum to microfinance banks for on-lending to the micro and small businesses.

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