Forex liquidity pressure looms as funding gap rises to N1.9trn – Moody’s Ratings

The risk of dollar funding challenges for banks is huge amid declining oil revenue , weak foreign investment inflows and lower remittances, said Moody’s Rating Agency. This is as foreign funding gap may have risen to as much as N1.9 trillion. “With elevated external shocks, Nigeria’s economy has been hit hard and the banking system would be impacted”, said analysts Read More

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