Tag: Merchant Banks
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28 commercial, merchant banks in Nigeria lose N1.4trn to CBN
Nigeria’s apex bank, Central Bank of Nigeria (CBN) has debited about 28 commercial and merchant banks operating in the country a total of N1.4 trillion. A report by Reuters on Friday said the affected financial institutions were levied based on issues surrounding cash reserve ratio (CRR). However, it was pointed out that the total amount…