May 9, 2021
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Nigeria’s central bank slams N226 bln CRR debits on banks

by on November 21, 2020 0
By Samuel Bankole The Central Bank of Nigeria (CBN) slammed total debits of around N226 billion on some banks in a bid to enforce compliance with the 27.5 percent Cash Reserves Requirements (CRR). The move was designed to reduce the bulk of idle funds in the banking system and curb speculations on the local... Read More