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 Dec 02 2020 | 08:55:34 GMT+0000 (Coordinated Universal Time)

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