Thursday 24 September 2015

Nigeria central bank cuts reserve ratio to boost liquidity

Central Bank Of Nigeria building Nigeria’s central bank kept its benchmark interest rate on hold at 13 percent on Tuesday but loosened monetary policy by cutting banks’ cash reserve ratio to 25 percent to ease liquidity shortages, governor Godwin Emefiele said. The vote to cut the cash reserve requirement from 31 percent was by 7 […]

from fornaija.com http://ift.tt/1G5wHyQ
via fornaija

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