More money for real sector as CBN slashes CRR

The Central Bank of Nigeria (CBN)’s slashing of Cash Reserve Ratio (CRR) of Merchant banks, means money for the real sector of the economy to create jobs. The CBN on Friday revised the CRR of Merchant banks to 10 percent from 32.5 percent, and this takes effect August 1, 2023. Haruna Mustafa, director, banking supervision
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