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Nigerian banks struggle to meet $5bn forex obligations

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Nigerian banks struggle to meet $5bn forex obligations
22 December 2015, Lagos — Nigerian banks are struggling to meet $5 billion foreign exchange obligations to importers and correspondent banks, reflecting the worsening foreign exchange situation in the country. This was disclosed, yesterday, by Renaissance Capital in a report entitled: “Nigerian banks struggling for FX liquidity.” The report stated that due to the inability […] More »
Nigerian banks struggle to meet $5bn forex obligations Nigerian banks struggle to meet $5bn forex obligations Reviewed by Crude Oil Facilitators on 14:37 Rating: 5

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