CBN to reduce CRR of banks that lend to SMEs

by | December 11, 2017 1:26 pm

The Central Bank of Nigeria (CBN) has promised to provide forbearance to deposit money banks by way of reducing their Cash Reserve Ratio (CRR), for lending to Small and Medium Enterprises (SMEs).   “The CBN will provide some form of forbearance. For example if you are a banker that have lent some percentage of your…

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