Banks sit on over $1bn they can’t use

Banks sit on over $1bn they can’t use

Commercial banks inNigeria sitting on as much as one billion dollars in their vaults which they cannot use should expect no help from the Central Bank, Governor Godwin Emefiele told Business-Day at the weekend. For some of the banks, panic has already set in, but the apex bank says the commercial banks got into the predicament by choice and they would have to dig themselves out…

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