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Farooq

Posts Tagged "boost liquidity"

HomePosts Tagged "boost liquidity"

Obinna Chima The liquidity crisis identified in Skye Bank Plc, which led to the Central Bank of Nigeria’s (CBN) removal of its board on Monday, is likely going to result in fresh capital raising by commercial banks, as they seek to maintain the stipulated capital ratios in the face of a weakening macroeconomic environment. While […]

  • CBN

LAGOS, June 24 (Reuters) – Nigeria’s central bank sold dollars on the interbank market for the fifth consecutive day to ease dollar shortages after it floated the currency earlier this week, traders said on Friday. The naira traded at 281.75 to the dollar at 1216 GMT, on volumes of $28 million, which traders attributed to central […]