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Nigeria: CBN Still Short of Forex to Clear Backlog - Fitch

Nigeria: CBN Still Short of Forex to Clear Backlog - Fitch
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

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Fitch on Nigeria s Clearance of Outstanding Foreign Exchange Liabilities

Credit rating agency Fitch has said that the Central Bank of Nigeria (CBN) still lacks the foreign exchange to clear the backlog of demand. It noted that the

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Fitch on Nigeria s Clearance of Outstanding Foreign Exchange Liabilities

Credit rating agency Fitch has said that the Central Bank of Nigeria (CBN) still lacks the foreign exchange to clear the backlog of demand. It noted that the

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Fitch says CBN still far short of amount needed to clear forex backlog

Fitch says CBN still far short of amount needed to clear forex backlog
hallmarknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hallmarknews.com Daily Mail and Mail on Sunday newspapers.

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Nigeria s Central Bank Short Of Amount Needed To Clear Foreign Exchange Backlog –Fitch

Credit rating agency Fitch has said that the Central Bank of Nigeria (CBN) still lacks the foreign exchange to clear the backlog of demand. It noted that the country's high-interest payment to revenue ratio weighs on its sovereign credit rating. Gaimin Nonyane, director of Middle East and Africa sovereigns with Fitch, in a webinar on Thursday, said foreign exchange shortages in Nigeria would keep pressure on the naira, where there is currently a 30% gap between the official and parallel rates.

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