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Central Bank of Nigeria

Developments in the Foreign Exchange Market re; Cash Deposit into Domiciliary Accounts

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Author
Central Bank of Nigeria
Year
2016
Pages
2 pages

The Central Bank of Nigeria announces a reduction in the cash reserve requirement from 25 per cent to 20 per cent and requires deposit money banks to direct the resulting liquidity toward approved real-sector projects in agriculture, manufacturing, mining, solid minerals, infrastructure, and related activities.…

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