CBN announces revised Cash Reserve Requirement Framework, stops daily debts
The Central Bank of Nigeria (CBN) has revamped its Cash Reserve Requirement (CRR) policy to enhance the banking sector's operational ...
Tag: CRR Debits
Banks N22 trillion Claims with Central Bank seen funding largest intervention funds in Nigeria’s history
The total claims Nigerian commercial banks have against the Central Bank of Nigeria rose to N21.5 trillion as of June ...
Stanbic IBTC needs to get its mojo back in 2022
The bank needs to look inwards for mega deals that can substitute for its heavy reliance on foreign portfolio inflows.
CRR: CBN debits banks N120.2 billion
The CBN debited banks a total of N120.2 billion according to information reaching Nairametrics from sources with knowledge of the ...
Despite CRR debits, Nigerian Banks record higher net interest income
Banks are recording higher net interest income, despite the CBN's frequent CRR debits chalking off significant amounts of their cash.
Sterling Bank reveals N215 billion sequestered by CBN as CRR Debits
Sterling Bank Plc, one of Nigeria's tier 2 banks reported that the Central Bank of Nigeria's CBN restricted about N215.5 ...
CBN imposes fresh CRR debits on banks to the tune of N118 billion
These debits have inevitably tightened liquidity in the banking system and bankers are complaining.
CBN debits banks N216.1 billion for CRR compliance
Among the 26 banks affected by the latest debits are regular "victims".
