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Nigeria’s Bank reserves with CBN surge to N26.8 trillion amid aggressive CRR policy

Hello This post Nigeria’s Bank reserves with CBN surge to N26.8 trillion amid aggressive CRR policy was first posted on Naijaonpoint.com.ng and is written by naijaonpoint.

Nigeria’s banking reserves surged to N26.8 trillion in August 2024, a substantial increase from N19.4 trillion a year earlier, as the Central Bank of Nigeria (CBN) continues its aggressive monetary tightening under Governor Yemi Cardoso. The jump comes in response to the CBN’s efforts to contain rising inflation and curtail excessive liquidity in the financial […]

Hello This post Nigeria’s Bank reserves with CBN surge to N26.8 trillion amid aggressive CRR policy was first posted on Naijaonpoint.com.ng and is written by naijaonpoint.

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