CBN Revises Cash Reserve Ratio For Merchant Banks, Slashing It To 10% - Politics - Nairaland
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| CBN Revises Cash Reserve Ratio For Merchant Banks, Slashing It To 10% by stephendinks: 9:39am On Jul 17, 2023 |
In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to revise the Cash Reserve Ratio (CRR) for merchant banks. The CRR has been reduced from 32.5 percent to 10 percent, marking a substantial shift from the previous policy. This revision was disclosed by Haruna Mustafa, the director of banking supervision, in........... https://ratecaptain.com/cbn-revises-cash-reserve-ratio-for-merchant-banks-slashing-it-to-10/ |
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