Updated: CBN’s 60% LDR Policy force banks to create N860bn in 11 weeks

CBN says N500bn debit to banks not fine, but refundable

The 60% Loan to Deposit Ratio (LDR) threshold announced by the Central Bank of Nigeria (CBN) saw banks creating as much N860bn credit to the economy in just eleven weeks to avoid being penalized. But the lenders say their push were not just the proposed punitive measures, but that they are now co

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