Tag Archives: cash reserves

Arsenal Reveals £242.8m Turnover

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Arsenal  reported a rise in turnover to £242.8 million ($389 million, 288 million euros) as the Gunners claimed their improved finances was a significant factor in the club record signing of Mesut Ozil. Despite reduced profits due to a drop in …

Microsoft Buys Nokia: What Does It Mean For Rivals?

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Microsoft CEO Steve Ballmer, left, with Nokia’s chairman of the board Risto Siilasmaa during a news conference in Espoo, Finland. Photograph: Lehtikuva/Reuters Microsoft‘s purchase of Nokia‘s handset business, along with a long-term licence of its patent portfolio and for its Here …

Cash Reserve Requirement: CBN Withdraws N1tn From Banking System

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The Central Bank of Nigeria  began the implementation of its new 50 per cent Cash Reserve Requirement policy, which requires Deposit Money Banks to keep 50 per cent of all public sector funds with the central bank. Consequently, the CBN …