Wednesday, May 22, 2024
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TheCable

Tag "Monetary tightening"

CBN reduces banks’ LDR to 50%

    CBN reduces banks’ LDR to 50%

The Central Bank of Nigeria (CBN) has announced a downward review of the loan-to-deposit ratio (LDR). CBN reduced the LDR from 65 to 50 percent to align with the ongoing

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KPMG: High-interest rate may prevent Nigerian banks from giving credit

    KPMG: High-interest rate may prevent Nigerian banks from giving credit

KPMG Nigeria says the monetary tightening efforts by the Central Bank of Nigeria (CBN) might prevent banks from giving credit to support the economy. Monetary tightening occurs when a central

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