Banks to lose N40bn to new CBN regulation

November 10, 2014 |

Deposit Money Banks will lose over N40bn in interest income to the Central Bank of Nigeria’s new regulation which reduces lenders’ remunerable daily placement at the CBN’s Standing Deposit Facility to N7.5bn, Afrinvest Research has shown. This comprises banks’ interest income from November 2014 to December 2015. The CBN had, on November 6, 2014, issued […]

Category: Business

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