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Tag "cash reserve ratio"

CBN’s CRR debit may hurt loan performance, investment in 2022, says GTCO

    CBN’s CRR debit may hurt loan performance, investment in 2022, says GTCO

Guaranty Trust Holding Company (GTCO) Plc says the continued debit on cash reserves ratio (CRR) by the Central Bank of Nigeria (CBN) could negatively affect loan performance and investment in

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CBN MPC retains interest rate at 11.5%, warns against another economic lockdown

    CBN MPC retains interest rate at 11.5%, warns against another economic lockdown

The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday, unanimously voted to retain the monetary policy rate (MPR), which determines interest rate, at 11.5 percent. Godwin

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CRR increase will not negatively impact profitability of banks, says Sterling Bank MD

    CRR increase will not negatively impact profitability of banks, says Sterling Bank MD

Abubakar Suleiman, managing director of Sterling Bank, says the Central Bank of Nigeria’s decision to increase the cash reserve ratio of banks from 22.5 percent to 27.5 percent will not

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CBN MPC maintains rates to ‘get more clarity’

    CBN MPC maintains rates to ‘get more clarity’

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has again retained interest rate at 14 percent, the country’s highest in 10 years. The committee has maintained

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CBN ‘may reduce’ CRR for SME-friendly banks

  CBN ‘may reduce’ CRR for SME-friendly banks

Godwin Emefiele, governor of the Central Bank of Nigeria, says the cash reserve ratio (CRR) of banks who lend a

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