Tuesday 21 January 2014

Central Bank Of Nigeria Increases The Cash Reserve Ratio ( CRR) To 75%

File:Sanusi Lamido Sanusi World Economic Forum 2013.jpg
The Central Bank of Nigeria (CBN) today raised its cash reserve ratio (CRR) on public sector deposits to 75% from 50%.
The Monetary Policy Committee left the Monetary Policy Rate (MPR) unchanged at 12%.
More details to follow.
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