2013-09-09 | BSD/DIR/GEN/LAB/06/039

Re: Review of the Cash Reserve Requirement (CRR) for Deposit Money Banks

In the September 5, 2013 letter to all banks regarding the review of the Cash Reserve Requirement for Deposit Money Banks, Director Banking Supervision Tokunbo Martins clarifies that public sector deposits should include Federal Government MDA and Companies, State Government MDA and Companies, Local Government MDA and their Companies, NNPC Joint Venture accounts, Government University accounts, but excludes deposits from AMCON, BOI, NEXIM, FMBN, BOA, Bank of Infrastructure, closed pension funds belonging to government institutions, state pension boards, governments staff associations, and cooperative societies.

Nigeria

Central Bank of Nigeria

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