The Central Bank of Nigeria (CBN) has directed all commercial banks to fund their accounts by Thursday in order to allow for liquidity mopping-up. The move comes after the Monetary Policy Committee (MPC) increased the Cash Reserve Ratio (CRR) from 27.5 percent to 32.5 percent in order to combat inflationary pressures. The Governor of the … Continue reading CBN Orders Banks To Fund Accounts, Raises CRR To 32.5%