CBN approves release of excess CRR for banks via special bills

The Central Bank of Nigeria has approved the release of the excess above regulatory minimum Cash Reserve Requirement of banks. In a circular, the apex bank says it will be achieved through the issuance of special Bills. Tajudeen Ibarhim, Senior Vice President and Head of Research at Chapel Hill Denham discusses the significance of this move with CNBC Africa’s Kenneth Igbomor.

Wed, 02 Dec 2020 08:55:34 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.