Tag: CRR

CBN ceases daily cash reserve requirement, adopts updated mechanism

The Central Bank of Nigeria (CBN) is ceasing daily CRR debits and…

CBN quarantines banks’ N576.20bn through CRR

The Central Bank of Nigeria (CBN) last week debited some commercial banks…

Economist lauds CBN slash of CRR to 10% for merchant banks

THE Central Bank of Nigeria (CBN’s) review of the Cash Reserve Ratio…

Why MPR, CRR hike will be bittersweet experience for banks —CBN

THE Central Bank of Nigeria (CBN) has explained that the decision to…

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