CBN Imposes N216bn CRR Levy On Banks     In a bid to mop up liquidity and prevent speculation in the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday deducted N216 billion from banks accounts as Cash Reserve Ratio (CRR) . In addition, the apex...

The Central Bank of Nigeria (CBN) wednesday directed commercial banks to review and make adequate provisioning for all delinquent foreign currency-denominated loans in line with the July 1, 2010 Prudential Guidelines for Deposit Money Banks in Nigeria. The CBN, which also settled futures contract valued...