Home Business CBN Debits Banks N1.4trn For Failing To Meet CRR targets.

CBN Debits Banks N1.4trn For Failing To Meet CRR targets.

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The Central Bank of Nigeria (CBN) has debited commercial banks in Nigeria a whopping sum of for failing to meet Cash Reserve Ratio (CRR) targets.

Nairametrics reliably obtained this information from sources within the sector and has a copy of the list of banks that have been debited.

From the list of debits suffered by banks, Zenith Bank Plc ranked the highest with about N355.9 billion while FBNH and UBA came second and third with N208 billion and N204 billion respectively.

Source: Nairametrics

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