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CRR: Interbank market in shock as CBN sequesters N600bn

Published by Tribune on Tue, 12 Jan 2021


Tribune OnlineCRR: Interbank market in shock as CBN sequesters N600bnThere was significant chaos in the interbank space as the Central Bank of Nigeria (CBN) freeze the market with a debit of over N600billion in Cash Reserve Requirement (CRR) at the close of the week. This created scarcity of funds and pushed rates high in the market. By the CRR policy, banks have a mandate []CRR: Interbank market in shock as CBN sequesters N600bnTribune Online
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