How will Nigeria’s 500BPS CRR hike impact banks?


Nigeria’s Monetary Policy Committee (MPC) says raising the Cash Reserves Requirement (CRR) of banks to 27.5 per cent will help address monetary-induced inflation while retaining the benefits from the Central Bank's Loan-to-Deposit Ratio policy. Wale Olusi, Sub-Saharan Macro and Consumer Analyst at United Capital joins CNBC Africa to discuss the impact of this move on Nigeria’s banking sector.