CRR policy pinches Nigeria’s biggest banks’ return to shareholders

September 27, 2021

Banks banned from reselling CBN dollars to each other

CBN banned banks on Friday from reselling dollars bought at its currency auctions to other banks

Nigeria’s biggest banks have seen their Return on Equity (ROE) decline in the last two years as a curious Cash Reserve Ratio (CRR) policy continues to batter their performance. A BusinessDay’s analysis of First Bank Holdings, United Bank for Africa, Guaranty Trust Bank, Access Bank and Zenith

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