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Nairaland Forum / Nairaland / General / Business / Banks Gain N740 Billion From CRR Reduction (9597 Views)
Nigeria Moves To Recover $3 Billion From Chinese Owned Addax Petroleum / CRR: Zenith, First Bank, GTB, 4 Others Raise N2.14trn In 6 Months / I Received N740 Thousand Naira In My Bank Account Instead Of N370 Thousand Naira (2) (3) (4)
Re: Banks Gain N740 Billion From CRR Reduction by Nobody: 10:56am On Oct 05, 2015 |
omonnakoda: Me don't know o... UBA is still deducting... |
Re: Banks Gain N740 Billion From CRR Reduction by omonnakoda: 10:59am On Oct 05, 2015 |
MusaIbrahim1: I think many people have a problem with English(I am not referring to you) I do not see any gain and wonder whether people read the story at all. All that has happened is there is more liquidity in the banking system. How is that "GAIN" ?? |
Re: Banks Gain N740 Billion From CRR Reduction by mohisd(m): 11:00am On Oct 05, 2015 |
:Pwww.nigeriapolice.org/recruitment/ |
Re: Banks Gain N740 Billion From CRR Reduction by Captainswag225(m): 11:00am On Oct 05, 2015 |
it still doesnt change the fact that buhari and apc are clueless. |
Re: Banks Gain N740 Billion From CRR Reduction by obailala(m): 11:02am On Oct 05, 2015 |
This is good news, I hope the tension created by the TSA palaver would be doused. |
Re: Banks Gain N740 Billion From CRR Reduction by anonimi: 11:15am On Oct 05, 2015 |
MusaIbrahim1: .....shows you how EMPTY the so called gain is compared to the MDA deposits withdrawn from the banks. Just the usual PROPAGANDA that yields NOTHING real for the people. 1 Like 1 Share |
Re: Banks Gain N740 Billion From CRR Reduction by Nobody: 11:24am On Oct 05, 2015 |
Vorp: |
Re: Banks Gain N740 Billion From CRR Reduction by tolexy007(m): 11:31am On Oct 05, 2015 |
wema bank dey dash me like 500 naira everymonth |
Re: Banks Gain N740 Billion From CRR Reduction by juman(m): 11:34am On Oct 05, 2015 |
The news is one kind. It is not profit. Definition: Cash Reserve Ratio (CRR) is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank. CRR is set according to the guidelines of the central bank of a country.http://economictimes.indiatimes.com/definition/cash-reserve-ratio 2 Likes 2 Shares |
Re: Banks Gain N740 Billion From CRR Reduction by stan101(m): 12:01pm On Oct 05, 2015 |
Can we just stop attributing all news in this place to government already, can't we make apolotical analysis deviod of pattisan politics and discuss issues as it really is? Gentlemen, lets be Nigerian abeg, non of us was born PDP or APC... |
Re: Banks Gain N740 Billion From CRR Reduction by Dbboy(m): 12:04pm On Oct 05, 2015 |
alaoeri: you such an illiterate go and check what CRR means, do you think it is free money or profit. guy you should hide your face that's what happen when you follow an F9 GENERAL you look for irrelevant things to justify his failure. |
Re: Banks Gain N740 Billion From CRR Reduction by alaoeri: 12:09pm On Oct 05, 2015 |
Dbboy:Oponu, Chanel your frustration to another place abeg & is GEJ responsible for this? |
Re: Banks Gain N740 Billion From CRR Reduction by Dbboy(m): 12:10pm On Oct 05, 2015 |
Vorp: before you open your mouth and start spilling rubbish go and read on what is CRR(CASH RESERVE RATIO) AND why with the emergence of TSA it became neccessory for the cbn gov to reduce CRR from 30 to 25 percent its just common sense dud. |
Re: Banks Gain N740 Billion From CRR Reduction by Dbboy(m): 12:17pm On Oct 05, 2015 |
alaoeri: when you understand what CRR is then you should comment for now just watch because from your write up it shows you know nothing about the bank and economic dealings, you were one of those deceived by APC because you aren't Lenard enough. that's why present PDP supporters refuse to join the APC because we could see through there lies, we are Lenard enough to know when figures are been manipulated to sooth egos or deceive us. 1 Like 1 Share |
Re: Banks Gain N740 Billion From CRR Reduction by inkz: 12:37pm On Oct 05, 2015 |
How I fit borrow 10millz |
Re: Banks Gain N740 Billion From CRR Reduction by christinie(f): 1:12pm On Oct 05, 2015 |
Adesiji77:The Managing Director of Fidelity Bank, Nnamdi Okonkwo who disclosed this at a press briefing after the Bankers’ Committee meeting in Lagos, said that the speculations in some quarters that banks gained N1.2 trillion as a result of the CRR reduction and TSA implementation were unfounded. According to him, “A lot of figures have been bandied around. Some said N1.2 trillion and so on. Well, the bank examiners are currently reconciling with banks on the figures they have returned but what is definite is that the N1.2 trillion being bandied around is false. They won't even read before commenting. |
Re: Banks Gain N740 Billion From CRR Reduction by tommyrayrich(m): 1:21pm On Oct 05, 2015 |
If this is how banks make money, i guess its time i open mine! |
Re: Banks Gain N740 Billion From CRR Reduction by sosodevf(m): 2:31pm On Oct 05, 2015 |
Re: Banks Gain N740 Billion From CRR Reduction by 989900: 2:32pm On Oct 05, 2015 |
Do people understand this piece at all ? |
Re: Banks Gain N740 Billion From CRR Reduction by Chukzyfcb(m): 11:20pm On Oct 05, 2015 |
I don't seem to understand why youguys are happy. Cash reserve ratio was reduced don't mean theymade gain. For example: zenith bank generates 1million pounds monthly and the cash reserve ratio was 30 then, it means zenith bank is allowed to keep Only 30% of the money with CBN which is 330,000pounds. If cash reserve ratio is now 25, it means bank now save more (400,000 pounds) how is this gain? Its just to tighten money supply and reduce inflation....am not an economist but this is my understanding of the topic!!! |
Re: Banks Gain N740 Billion From CRR Reduction by mikolo80: 1:51am On Oct 06, 2015 |
when mumu foreigners invested we no see this mni o yet some mumu no go gree say baba de work and na still body language o tomorrow is dday |
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