Ten Banks’ Restricted Deposit with CBN Hits N17.1tn
The restricted deposit held by ten banks with the Central Bank of Nigeria (CBN) surged to N17.1 trillion in 2023, ...
Tag: CRR
Breaking: CBN Raises MPR to 227.75% up 400 basis points Amid Economic Uncertainty
The Central Bank of Nigeria (CBN) has announced a substantial increase in the Monetary Policy Rate (MPR) by 400 basis ...
CBN Revises Cash Reserve Ratio for Merchant Banks, Slashing it to 10%
In a move aimed at stimulating economic growth, the Central Bank of Nigeria (CBN) announced on Friday its decision to ...
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