The Monetary Policy Committee (MPC) has directed the Central Bank of Nigeria (CBN) to introduce measures that will reduce deposits money banks' access to government secured treasury bills.
The MPC frowned at the banks' low appetite to invest in the productive sectors of the economy, prefering to lend to government.
...
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