C’Lawrence feels concerned that the CBN’s new minimum capital requirement is driving Nigerian Banks to significant exposure to Dollarized obligations and hard currency costs

And Goes: “This desperation to raise capital from international markets to meet Central Bank’s new minimum capital requirements may be pushing these banks towards FX risk buildup that could significantly weaken them in the future.  Read More

15/04/2024

 By C’Lawrence

38

C’Lawrence learns in the news that Central Bank of Nigeria, CBN has lifted fx ban on the 43 items it formerly made ineligible for official forex

And Goes: “I believe it’s in line with the CBN’s rate unification goal, as it could reduce the pressure on the parallel market. This should move much of the forex demand for the 43 items to the investors and exporters window, if well managed with the needed increment of Forex supply to the window. Read More

18/10/2023

 By C’Lawrence

89