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

Published by Tribune on Mon, 31 Mar 2025


Tribune OnlineBanks turn to commercial papers amidst increasing deposit costs, high CR policiesNIGERIAN 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 policiesTribune Online
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