2024-02-02 | BSD/DIR/PUB/LAB/016/027

Cash Reserve Requirement (CRR) Framework Implementation Guidelines

The Central Bank of Nigeria (CBN) is implementing an updated Cash Reserve Requirement (CRR) mechanism to improve banks' planning, monitoring, and record-keeping abilities. The new process involves two phases: the incremental approach, which applies existing ratios to weekly average adjusted deposit increases, and a CRR levy for banks that fail to meet the minimum Loan to Deposit Ratio (LDR). The CBN will provide detailed information on applied charges and calculations to banks.

Nigeria

Central Bank of Nigeria

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