The Central Bank of Nigeria has reduced the Loan-to-Deposit Ratio of deposit money banks from 65 per cent to 50 per cent.The Central Bank of Nigeria has reduced the Loan-to-Deposit Ratio of deposit money banks from 65 per cent to 50 per cent.
He said that the directive was part of measures to deepen monetary policy tightening and improve lending in the real sector of the economy. “All deposit money banks are required to maintain this level and are further advised that average daily figures shall continue to be applied to access compliance,” he said.
The News Agency of Nigeria reports that by the new directive, deposit money banks are now allowed to lend 50 per cent of deposit to their customers.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.The Central Bank of Nigeria has reduced the Loan-to-Deposit Ratio of deposit money banks from 65 per cent to 50 per cent.
Comptroller Dera Nnadi, the Customs Area Commander , Tincan Island Ports , says that the command generated a revenue of N303.9 billion in the first quarter of 2024.
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