Nigerian Banks' CBN Reserves Surge to N6.9 Trillion as Monetary Tightening Intensifies

Nigerian Banks' CBN Reserves Surge to N6.9 Trillion as Monetary Tightening Intensifies

Mandatory reserves held by five major Nigerian banks with the Central Bank of Nigeria climbed to N6.9 trillion, reflecting the impact of sustained tight monetary policy as the sector navigates recapitalization pressures and liquidity management challenges.

Biruk Ezeugo·4 min read·

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