Following the Monetary Policy Committee decision to raise the cash reserve ratio of commercial banks 500 basis points to 27.5 per cent, from 22.5 per cent, some analysts have predicted that the latest monetary measure will not have a negative effect on the earning of banks.
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Selloffs in banking stocks, others drag index further by 0.08% | The Guardian Nigeria News - Nigeria and World NewsTransactions on the Nigerian equities market extended the negative streak to four consecutive trading sessions, amid sell pressure on the banking and consumer goods sectors, as index fell further by 0.08 percent.
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