The Central Bank of Nigeria (CBN), in its economic report for the half year ended June 2018 sounded a note of caution concerning three financial institutions in the country. The banks which were not named failed to meet liquidity requirements.
With the exception of three (3) commercial banks, all others met the minimum regulatory liquidity ratios of: 30.0 per cent for commercial banks; 20.0 per cent for merchant banks; and 10.0 per cent for non-interest banks, at end-June 2018.