In an unexpected move, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) raised the cash reserve ratio (CRR) to 27.5 percent of Friday from 22.5 percent previously.
The CRR in Central Bank parlance is the amount of funds that banks have to maintain with the CBN. If the central b
```
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.
```
