Despite several upsides of the new FX rules recently unveiled by the Central Bank of Nigeria (CBN), the policy will likely push up borrowing costs for small and medium scale businesses, experts say.
The CBN on June 20 floated the naira, a move which has closed the gap between the interbank and para
```
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.
```
Josephine Okojie
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more