The Monetary Policy Committee (MPC) yesterday raised the cash reserve ratio (CRR) on public sector deposits held by banks to 75 percent, thereby reducing free funds from ministries, parastatals and other government agencies in their vaults. The move is also to strengthen the weakening naira and reaf
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
