Tag: Cash Reserve Ratio (CRR)

75% CRR: CBN Withdraws N1tr Public Sector Funds From Banks Today

Banks may fire workers The Central Bank of Nigeria (CBN) will, from today, start withdrawing over one trillion naira  (N1 trillion) public sector fund from deposit money banks as part of its new Cash Reserve Requirement policy. The new policy which called for the withdrawal of 75 per cent public […]