Nigeria: CBN Continues Tight Measures, Increases CRR On Private Sector to 15 Percent

26 March 2014

For the first time since the suspension of the Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi, the Monetary Policy Committee met yesterday and agreed to continue with tight monetary policies to consolidate recent gains.

The MPC meeting was chaired by the CBN Acting Governor Sarah Alade.

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