Moody’s Investors Service has projected a huge shortfall in Nigerian banks’ foreign currency funding of about $5 billion as the country faces growing funding challenges occasioned by the current low oil prices, volatile foreign inflows and lower remittances amid coronavirus pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court pledges speedy hearing in suit challenging sale of company assets by Nigerian banksThe plaintiff is challenging the sale of the asset of Nigerian German Chemicals Plc (NGC PLC) by a consortium of Nigerian banks
Source: PremiumTimesng - 🏆 3. / 78 Read more »
11 escape as Nigerian govt rescues 39 citizens arrested in Ghana - Daily Post NigeriaThe Nigerian government has facilitated the release of thirty-nine Nigerians detained for illegally entering Ghana. The Nigerians in the Diaspora
Source: DailyPostNGR - 🏆 11. / 59 Read more »
CBN probes forex dealers for imports regulations violation|p style=
Source: MobilePunch - 🏆 8. / 63 Read more »
Forex market scam: CBN gets nod to freeze suspects' accountsA Federal High Court in Lagos has frozen for 180 days the bank accounts of foreign exchange dealers suspected of damaging the financial stability
Source: TheNationNews - 🏆 6. / 69 Read more »
Alleged N2.5bn Switchover Fraud: ICPC rearraigns suspended NBC bossMr Kawu was re-arraigned alongside two other defendants.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
N2.5bn fraud: ICPC re-arraigns suspended NBC boss, Kawu, others
Source: MobilePunch - 🏆 8. / 63 Read more »