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CBN POLICY FORCES BANKS TO REJECT HIGH INTEREST YIELDING DEPOSITS

10 September 2019 Business


DUE TO THE CENTRAL BANK OF NIGERIA (CBN) POLICY THAT MANDATED BANKS TO GIVE OUT AT LEAST 60 PER CENT OF THEIR DEPOSITS AS LOANS OR BE SANCTIONED, BANKS IN NIGERIA ARE NOW REJECTING HIGH INTEREST-YIELDING DEPOSITS.


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