
Central Bank of Nigeria
Developments in the Foreign Exchange Market re; Cash Deposit into Domiciliary Accounts
- 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.…