Banks squeezed as CBN shores up naira

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Nike Popoola with agency report. The Central Bank of Nigeria has debited about N900bn out of the local banking system since raising the cash reserve ratio by five per cent to 27.5 per cent in January, according to analysts' calculations. Reuters quoted ...

from Google Alert - Business https://ift.tt/2Dgs5Ai
Nike Popoola with agency report. The Central Bank of Nigeria has debited about N900bn out of the local banking system since raising the cash reserve ratio by five per cent to 27.5 per cent in January, according to analysts' calculations. Reuters quoted ... https://ift.tt/eA8V8J

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