Shareholders urge CBN to reduce banks’ CRR

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Shareholders urge CBN to reduce banks’ CRR

Some shareholders have called for the reduction of banks’ mandatory Cash Reserve Ratio (CRR). One of them and the founder of the Independent Shareholders Association of Nigeria (ISAN), Sunny Nwosu, urged the apex bank to reduce the CRR to 15% from 27.5% or pay interest on the restricted deposits to the banks…
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