Tag: cash reserves requirement

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.