From Adannna Nnamani, Abuja
In tandem with its monetary tightening policy, the Central Bank of Nigeria (CBN) has announced a review of the loan-to-deposit ratio (LDR) for banks, reducing it from 65 percent to 50 percent.
This information was made public by the CBN yesterday in a circular signed by Adetona Adedeji, acting head of the banking supervision department, and titled “Re: Regulatory Measures to Improve Lending to the Sector of the Nigerian Economy.”