CBN Raises Banks’ FX Loan Limits to Resolve Breaches

CBN Raises Banks’ FX Loan Limits to Resolve Breaches

• Interbank rates rise on tight naira liquidity Obinna Chima with agency report The Central Bank of Nigeria (CBN) has increased the limit on banks’ foreign currency borrowings to 125 per cent of shareholders’ fund after some lenders breached its regulatory limit due to the recent fall in the naira, according to a document seen […]
Source: CBN Raises Banks’ FX Loan Limits to Resolve Breaches

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post culled from thisdaylive

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