CBN reduces banks’ loan-to-deposit ratio to 50%

The Central Bank of Nigeria has announced a review of the loan-to-deposit ratio for banks, from 65 percent to 50 percent. The aim of the review is to align with the current monetary tightening. The apex bank disclosed this in a circular on Wednesday titled ‘Re: Regulatory Measures to Improve Lending to the…The Central Bank of Nigeria has announced a review of the loan-to-deposit ratio for banks, from 65 percent to 50 percent.

“While DMBs are encouraged to maintain strong risk management practices regarding their lending operations, the CBN shall continue to monitor compliance, review market developments, and make alterations in the LDR as it deems appropriate.” The Central Bank of Nigeria has announced a review of the loan-to-deposit ratio for banks, from 65 percent to 50 percent. The aim of the review is to align with the current monetary tightening. The apex bank disclosed this in a circular on Wednesday titled ‘Re: Regulatory Measures to Improve Lending to the…

The Minister of Works, Engineer David Umahi, has been assured of the full backing of the Nigerian military in realising the lofty road infrastructure objectives of the Renewed Hope agenda of President Bola Tinubu.

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