Nigeria: CBN Releases Revised Guideline for Power, Airline Fund

The Central Bank of Nigeria (CBN) has said the refinancing of existing loans for captive power projects under its Power and Airline Intervention Fund (PAIF) for corporate entities that are not power companies will only be eligible, if the investments are not older than two years from the date of the application. The apex bank stated this in a circular titled: "N300 Billion Power and Airline Intervention Fund Revised Guidelines," posted on its website Thursday