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Fitch: Nigerian banks’ foreign currency liquidity still tight

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Fitch: Nigerian banks’ foreign currency liquidity still tight
29 September 2015, Lagos – Fitch Ratings has declared that reducing reserve requirements to 25 per cent will not add liquidity to the Nigerian banking system because the reduction will not lead to additional Foreign Currency, FC. Fitch noted that substantial government-related FC deposits are exempt from reserve requirements and have already been withdrawn from […] More »
Fitch: Nigerian banks’ foreign currency liquidity still tight Fitch: Nigerian banks’ foreign currency liquidity still tight Reviewed by Crude Oil Facilitators on 10:46 Rating: 5

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