Tuesday, September 22, 2015

Nigeria May Slip into Recession - Emefiele, CBN Boss. Reduces CRR to boost economy

The CBN boss has said that Nigeria may slip into recession if proactive measures are not taken.

He said this at the Monetary Policy Council briefing where the CBN freed billions of naira in public & private sector deposits to reflate commercial banks liquidity by shaving CRRs to 25%

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