Why you should be worried by CBN’s frequent debit of banks over CRR/LDR breach

Nigeria’s central bank to issue N918.45bn as N1.06trn T-bills mature in Q4 2020

The incessant debits by the Central Bank of Nigeria (CBN) on banks is the last thing Africa’s largest economy needs at a time when it is faced with a pandemic-induced recession. The latest round of bank debits by the CBN was a sum of N219 billion which the banks had to give up for breaching the

```

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.

```