BusinessDay
Nigeria's leading finance and market intelligence news report.

Banks won’t book much FX gains from currency devaluation  

Lenders in Africa’s largest economy won’t make money from foreign exchange revaluation gains this time around even as central bank (CBN) weakened the currency to protect the external reserve from the vagaries of global macroeconomic uncertainties. Banks make money from foreign exchange either by using the capital to buy and sell foreign exchange in the…



Subscribe to BusinessDay to read full article – N1000 for 2 Months

Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed.