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.
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.