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CRR

CBN Places Service Restriction On PoS Agents Across Nigeria

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

Over N838.82 billion of depositors funds in Zenith Bank, Guaranty Trust Bank (GTBank), First Bank of Nigeria (FBN) and 12 others were debited by the Central Bank of Nigeria (CBN). The CBN withdrew the funds from 15 banks as its Cash Reserve

October 4, 2022

Business·Insights

How CBN’s New 15.5% Interest Rate, CRR Affects Your Business, Lifestyle

The Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which is the benchmark interest rate, to 15.5 percent from 14 percent on Tuesday. Nigeria’s central bank also raise cash reserve ratio (CRR) from 27.5 percent to 32.5 percent. The

September 27, 2022

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CRR

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

How CBN’s New 15.5% Interest Rate, CRR Affects Your Business, Lifestyle

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