Friday 14 August 2020
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allafrica - 1 month ago

Nigeria: Moody s Forecasts U.S.$5 Billion Forex Shortfall for Nigerian Banks

[Daily Trust] Moody s Investors Service has projected a huge shortfall in Nigerian banks foreign currency funding of about $5 billion as the country faces growing funding challenges occasioned by the current low oil prices, volatile foreign inflows and lower remittances amid coronavirus pandemic.


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