Big banks’ FX trading income dips 29% as naira remains fairly stable

A graph showing the stability of the naira in Fx

The relative stability of the naira between 2018 and half-year 2019 saw Nigerian top banks realize fewer cash from foreign exchange trading. Nigeria’s tier-1 lenders – Access, GTB, UBA, Zenith and First Bank collectively realized N22 billion in net gains from forex trading mid-year 2019, which

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```