Tag: The Central Bank of Nigeria
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CBN hawkish bias to inverse yields, quarantine N900bn from Banks Vaults
CBN hawkish bias to inverse yields, fragment N900bn from Banks Vaults. Experts have said that the apex bank hawkish bias on cash reserve ratio (CRR) requirement would reverse negative yields, though about N900 billion would be quarantine from Banks vaults.
MPC raises Cash Reserve Ratio by 500 basis points
MPC raises Cash Reserve Ratio by 500 basis points. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Cash Reserve Ratio by 500 basis points to 27.5%.
Foreign Exchange: CBN’s intervention keeps Naira stable
Foreign Exchange: CBN’s intervention keeps Naira stable. The Nigeria’s local currency, Naira, having being on live support for over two years when the Central Bank of Nigeria (www.cbn.gov.ng) introduced multi tiered exchange regime.
Analysts forecast 70% LDR, say increase loan book raise assets risk
On the back of the drive to support the real sector of the economy, analysts have projected that the Central Bank of Nigeria (CBN) www.cbn.gov.ng will again raise loan to deposit ratio to 70 per cent in 2020.
CBN reduces transactions charges to deepen financial inclusion
CBN reduces transactions charges to deepen financial inclusion. The apex bank is set to drive financial inclusion with low financial services charges offering by banks and non-banking operators.
