
Central Bank of Nigeria
Amendment to Pricing of Commercial Agriculture Credit Scheme (CACS) and Guidelines
- Author
- Central Bank of Nigeria
- Year
- 2015
- Pages
- 16 pages
This circular revises the Commercial Agriculture Credit Scheme guidelines by capping borrower interest at 9 percent inclusive of charges, specifying the sharing of fees between participating banks and the Central Bank of Nigeria, and setting a 2 percent funding rate for participating banks. It establishes…