Banks turn to commercial papers amidst increasing deposit costs, high CR policies

Tribune Online
Banks turn to commercial papers amidst increasing deposit costs, high CR policies

NIGERIAN banks are increasingly relying on costly short-term commercial papers (CPs) to address liquidity challenges as the Central Bank of Nigeria (CBN) enforces stringent cash reserve policies, driving up deposit costs, Bloomberg reports. Access Holdings Plc, Nigeria’s largest bank by assets, the Providus Bank Limited N100.00 billion Commercial Paper Programme registration of the NOVA Merchant […]

Banks turn to commercial papers amidst increasing deposit costs, high CR policies
Tribune Online

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