Financial analysts have disagreed with the Central Bank of Nigeria over the imposition of 50 per cent Cash Reserves Requirement on all government deposits with commercial banks. They said the introduction of such additional instrument by the Monetary Policy Committee, which ended a two-day meeting in Abuja on Tuesday, would […]
Tag: Cash Reserve Requirement
MPC decision: Borrowing cost to rise by 5%
Following the decision of the Monetary Policy Committee to increase the cash reserve requirement, financial analysts have said that borrowing cost will shoot up by a maximum of five per cent. The Managing Director, Financial Derivatives Company Limited, Mr. Bismark Rewane, said in a report made available to our correspondent […]
