Due to the paucity of investment outlets as an aftermath of the Central Bank of Nigeria (CBN) Loan to Deposit Ratio (LDR) directive, many banks will find it difficult to meet the 65per cent threshold.
The above prediction was made over the weekend by Comercio Partners, a limited-liability company in Nigeria providing trading, investment, asset management and principal investments.
The Central Bank of Nigeria (CBN) recently announced the exclusion of non-bank locals (individuals and corporates) from participation in its Open Market Operations (OMO) at both the primary and secondary markets. The exclusion implies that only Deposit Money Banks (DMBs) and Foreign Portfolio Investors (FPIs) can…
Source: Nigerian Tribune
