2016-01-08 | FPR/DIR/GEN/CIR/01/002

Reduction in Cash Reserve Requirement (CRR) to Enhance Bank's Liquidity for Real Sector Financig

The Central Bank of Nigeria has reduced the Cash Reserve Requirement by 500 basis points to 20%, freeing up liquidity for the real sector. Deposit money banks are now required to appraise loan requests for qualifying projects in the agricultural value chain, manufacturing, mining, and infrastructure and forward them to the CBN for final approval. Trading activities and project refinancing are not encouraged under this program.

Nigeria

Central Bank of Nigeria

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