The Market Today - 17 August 2018

CBN leverages CRR to boost credit to real sector                                                              The Central Bank of Nigeria (CBN) revealed that it would permit banks to use a portion of their Cash Reserve Ratio (CRR) funds to facilitate lending to the agriculture and manufacturing sectors. At present, commercial banks keep at least 22.5% of their funds with the apex bank, in line with the CRR requirement. However, the CBN has outlined its willingness to refund a portion of the CRR...