Nigeria: Manufacturing Sector Threatened As CRR Rises 45.5% to N13.81 Trillion

[Vanguard] As more multinational companies exit Nigeria over exchange rate volatility, economists and other Investment analysts fear that more businesses may face similar fate as the amount of banks' deposits with the Central Bank of Nigeria (CBN) otherwise known as Cash Reserve Ratio (CRR) soared by 45.51 percent in the nine months to September 2023.

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