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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 ....

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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. ....

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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. ....

Adetona Adedeji , Banking Supervision Department , Central Bank , Cash Reserve Ratio , Cash Reserve Requirement , Acting Director , Cash Reserve , Incremental Approach , Deposit Ratio ,

CBN stops daily CRR debits from banks' deposits

CBN stops daily CRR debits from banks' deposits
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Adetona Adedeji , Central Bank , Cash Reserve Requirement , Incremental Approach , Deposit Ratio ,

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 ....

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