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CBN may withdraw all govt funds from banks

CBN may withdraw all govt funds from banks In a bid to reduce pressure on the naira and maintain macro-economic stability, the Central Bank of Nigeria’s Monetary Policy Committee may increase the Cash Reserve Requirement of public sector funds in the vaults of banks to 100 per cent from the current75 per cent. The implication of this is that the central bank will... 
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Added February 12, 2014
from The Punch News