The global decline in oil prices and the unwillingness of the Nigerian government, through the Central Bank of Nigeria (CBN) to devalue the naira amid constrained reserves, continue to worsen the forex liquidity position of Nigerian banks.
Feedback from the banks shows that the CBN has been unable
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LOLADE AKINMURELE
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
