2015-02-13 | BSD/DIR/GEN/LAB/08/009

Re: Cash Reserve Requirement Maintenance Calendar for 2015

The letter informs banks of changes to the cash reserve requirement (CRR) maintenance calendar for 2015. The CRR will now be computed fortnightly and take effect every Thursday, starting February 12, 2015, and will be calculated based on the incremental average deposits over the previous fortnight period. Banks are advised to take note of these changes.

Nigeria

Central Bank of Nigeria

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