Other banks have recently had to shut down their branches due to public health concerns caused by COVID-19.
The Big Four firms now reportedly generate the largest portions of their revenues from consultancy services.
Directors typically meet to consider/approve financial statements before they are released.
Analysts earlier predicted that banks may hold off on dividend payments as a way of cutting down on costs in view of COVID-19.
GTBank reported a net interest income of N64.28 billion in Q1 2020 as against N53.58 billion in Q1 2019.
These debits have inevitably tightened liquidity in the banking system and bankers are complaining.
The aim of this directive is to expand the reach of the regional banks across the country, the CBN said.
Banks are more concerned about the arbitrary nature and lack of understanding of the CRR debits.
The company will now focus on its fintech business which has always been its core.
In the meantime, liquidity in the Nigerian banking system is said to be below N100 billion