CBN reduces banks’ Loan to Deposit Ratio to 50%
Central Bank of Nigeria (CBN), Governor, Yemi Cardoso has attributed the rising high interest rates to the excessive ₦27 trillion loan facility issued to the Federal Government. The Senate approved a ₦22.7 trillion Ways and Means loan on May 23, 2023, thereby securitizing the debt. This approval followed a request by former President Muhammadu Buhari […]
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