By Obinna Chima For the second time since banks started publishing their returns on foreign exchange (forex) utilisation purchased from the Central Bank of Nigeria (CBN), Zenith Bank Plc got the highest allocation garnering a total of $24,547,235.36 million. Zenith Bank was in fourth place in last week’s review of […]
Tag: Cash Reserve Requirement
CBN may withdraw all govt funds from banks
In a bid to reduce pressure on the naira and maintain macro-economic stability, the Central Bank of Nigeria’s Monetary Policy Committee may increase the Cash Reserve Requirement of public sector funds in the vaults of banks to 100 per cent from the current75 per cent. The implication of this is […]
Can Nigerian banks overcome the CRR headwind? A macro perspective
The negative sentiment surrounding the banking sector was further heightened following the recent increase in the public sector CRR from 50% to 75%. Nigerian banks are indeed facing the challenge of tougher regulation on CRR and banks have continued to weigh the impact of high public sector CRR on revenue […]
