Banks, the challenges and real sector interventions
After the global financial crisis in 2008, central banks across the globe re-invented their policy basket, which saw the emergence of a renewed vigour in unconventional monetary policy.
CBN, commercial banks to revive real sector with N4 trillion facility
Succour may soon come the way of manufacturers and entrepreneurs, especially the agriculture sector, as the banking industry’s accumulated cash reserve, ratio (CSR) estimated at N4.11 trillion, would be opened for lending through a target approach. Specifically, the Central Bank of Nigeria (CBN) and commercial banks have agreed to fund projects of manufacturing companies and…