Nigerian Central Bank Takes $3.8bn From Lenders For Missing Targets
LAGOS APRIL 26TH (NEWSRANGERS)- Nigeria’s central bank took 1.47 trillion naira ($3.8 billion) from lenders as additional cash reserves for failing to meet regulatory targets, according to people with knowledge of the matter. The accounts of almost 30 commercial lenders held with the central bank were debited by the regulator for missing thresholds on cash-reserve…