CRR at 45% positions Nigeria as the highest globally – Bunmi Bajomo
Dr. Bunmi Bajomo, Head, Group Corporate Banking and Chief Operating Officer, Ecobank Transactional (ETI) has said that the MPC's resolution ...
Dr. Bunmi Bajomo, Head, Group Corporate Banking and Chief Operating Officer, Ecobank Transactional (ETI) has said that the MPC's resolution ...
The Central Bank of Nigeria currently has in its kitty a cumulative amount of N10 trillion in Cash Reserve Requirement ...
Some shareholders have called for the reduction of banks’ mandatory Cash Reserve Ratio (CRR). One of them and the founder ...
The Central Bank of Nigeria (CBN), voted unanimously to keep the Monetary Policy Rate (MPR), at 11.5%.
Nigeria banks have had their vaults debited of N226 billion by the Central Bank of Nigeria in the apex bank's ...
In total, the CBN now holds a total of N6.57 trillion in CRR debits from the nation's top 5 banks
Too much cash, low yields, nowhere to invest
Information gathered by Nairametrics reveals about 17 banks had their vaults debited by the apex bank in CRR sequesters.
Sadly, this move, in addition to similar policies by the CBN, has left many banks cash-strapped and unable to pursue ...
Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 13.50% to 12.50% and retains CRR at ...