The Managing Director/Chief Executive Officer, Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has said the operations of the tier 1 banks will not be affected by the recent hike in the cash reserve requirements (CRR), due to the cheap funds available to them.
The FDC boss made the declaration in his monthly economic news and views, presented at the Lagos Business School's executive breakfast meeting, a copy of which was made available to THISDAY at the weekend.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article