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Relief For Banks As CBN Stops Daily CRR Deductions

Commercial banks in the country are heaving a sigh of relief as the Central Bank of Nigeira (CBN) reversed to its old ways of calculating and deducting cash

CBN adopts new Cash Reserve Requirement Structure

CBN stops daily CRR debits from banks' deposits - Peoples Daily Newspaper

CBN stops daily CRR debits from banks' deposits | Nigerian News, Latest Nigeria In News. Nigeria News. Your online Nigerian Newspaper.

CBN Adopts New Cash Reserve Measure

By Tony Obiechina, Abuja The Central Bank of Nigeria said it is discontinuing daily Cash Reserve Ratio debits and will be adopting an updated Cash Reserve Requirement mechanism. According to CBN, the move is intended to facilitate banks’ capacity for planning, monitoring, and aligning their records with the apex bank. The Apex Bank disclosed this

CBN Stops Daily Debits of Access, GTB, UBA, Zenith, Other Banks' Account

The Central Bank of Nigeria has decided to stop banks' cash reserve ratio to boost the availability of funds for Nigerian banks to lend more to customers.

CBN adopts new cash reserve measure

CBN said that it is stopping daily Cash Reserve Ratio debits and will be adopting an updated Cash Reserve Requirement mechanism.

CBN stops daily CRR debits from banks' deposits

CBN ceases daily cash reserve requirement, adopts updated mechanism

CRR is the percentage of a bank's total deposits that it needs to maintain as liquid cash, usually kept with the CBN. The latest initiative is

United Bankshares, Inc. Announces Earnings for the Fourth Quarter and Year of 2023

United Bankshares, Inc. , today reported earnings for the fourth quarter of 2023 of $79.4 million, or $0.59 per diluted share. Fourth quarter of 2023 results produced annualized returns on average...