The Nigerian Stock Exchange (NSE) equities market segment suffered its first weekly loss of 2020 as the impact of the Central Bank of Nigeria’s(CBN) hike in the Cash Reserve Ratio (CRR) spike investors selloffs in listed banks shares. The Monetary Policy Committee (MPC) of the apex bank had voted last week to increase CRR to […]
…Say Banks may have little to lend to key sectors …Mopping up liquidity behind MPC decision-Emiefele Experts have raised concern over the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to raise Cash Reserve Ratio (CRR) from 22.5 per cent to 27.5 per cent. The MPC, on Friday, maintained […]
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised Nigeria’s Cash Reserve Ration by 500 points from 22.5 per cent to 22.7 per cent. The Committee said the decision is to help address ‘Monetary induced inflation’ It also said banks must be compelled to grant loans to the private sector which […]