Tag
CASH RESERVE RATIO
Interest Expense, on the other hand, declined 18% y/y to N8.9bn despite the 13% YTD growth in Customers Deposits
The Central Bank of Nigeria has debited commercial banks in Nigeria a whopping sum of N1.4 trillion for...
At the end of the first MPC meeting for the year, which was concluded on 24 January, the committee decided to hike the CRR by 5% to 27.5%.
The Monetary Policy Committee of the Central Bank of Nigeria (@cenbank) has raised the Cash Reserve Ratio by 500 basis points to 27.5%. Meanwhile, other parameters such as Monetary Policy Rate, Liquidity ratio, and asymmetric corridor remain unchanged.