Wednesday, January 22, 2014

CBN bars banks from lending more than 25% of public funds

The Central Bank of Nigeria, CBN, has raised the Cash Reserve Ratio, CRR, on public deposits from 50 per cent to 75 per cent with effect from next month.

Sanusi Lamido, Central Bank Governor

The Governor of the apex bank, Mallam Sanusi Lamido Sanusi, who announced the new measure to further…CBN bars banks from lending more than 25% of public funds








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