Dollar liquidity improving for Nigerian banks, says Fitch

by | June 7, 2017 2:00 pm



Nigerian banks’ ability to access foreign currency has improved considerably since the Central Bank of Nigeria (CBN) introduced a foreign exchange “window” at end-April aimed at investors and exporters, global credit rating agency, Fitch said Tuesday, June 7. The Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) mechanism, commonly referred to as the “Investors’ and Exporters’…

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