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In refunding 100% of CRR to banks, CBN targets credit expansion to real sector

CBN

At its July 2018 Monetary Policy Committee (MPC) meeting, the Central Bank of Nigeria pledged to refund Cash Reserve Ratio (CRR) to banks under certain conditions. Part of such conditions is banks’ lending to Small and Medium Enterprises (SMEs). The move is to spur bank lending to high-impact sectors of the economy. “Banks that bring…

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