Following the increase of the Cash Reserve Requirement on public sector deposits from 50 per cent to 75 per cent last week by the Monetary Policy Committee, the Central Bank of Nigeria will on February 4 withdraw an estimated sum of N1tn from the Deposit Money Banks when the policy […]
Tag: Monetary Policy Committee
75% CRR: Banks to cut jobs, operating costs
Less than 24 hours after the Monetary Policy Committee of the Central Bank of Nigeria announced the increase in the Cash Reserve Requirement on all public sector deposits to 75 per cent, indications have emerged that Deposit Money Banks are already considering job cuts and massive reduction in other operating […]
Central Bank of Nigeria Communiqué No. 93 of the Monetary Policy Committee Meeting of Monday 20 and Tuesday 21 January, 2014
click here to read Central Bank of Nigeria Communiqué No. 93 of the Monetary Policy Committee Meeting of Monday 20 and Tuesday 21 January, 2014 The Monetary Policy Committee (MPC) met on January 20 and 21, 2014 against the backdrop of uncertainties in the global economy, especially arising from the […]
