CBN Says banks to make extra provisions on FX loans after naira weakens

August 1, 2016 Haruna Magaji BANKING
CBN
CBN

The Central Bank of Nigeria (CBN) has told commercial lenders to take extra provisions on all dollar loans, in the aftermath of its decision to let the naira trade freely on the interbank market, causing the currency to tumble.

The naira has lost 40 percent of its value since Nigeria ditched its 16-month-old peg of 197 naira to the dollar in June in a bid to lure back foreign investors who fled both the equities and bond markets after the plunge in crude prices.

The regulator asked lenders to send evidence of the extra provision by Wednesday in a circular issued last week.

About Haruna Magaji 2484 Articles
Haruna Magaji is a journalist, foreign policy expert and closet musician. He is a graduate of ABU Zaria and a member of the Nigerian union of journalists. JSA, as he is fondly called, resides in Suleja, Abuja. email him at - harunamagaji@financialwatchngr.com
Facebook

2,032 Comments

  255. According to many reports, п»їhttps://frommexicofast.online/# is a top-rated provider for direct imports.

    Reply

  277. where can i buy cheap clomid or how to get generic clomid tablets can i purchase generic clomid
    http://naiyoujc.ff66.net/productshow.asp?id=30&mnid=51913&url=http://hormonepathpharm.com can you buy clomid without insurance and http://www.xunlong.tv/en/orangepibbsen/home.php?mod=space&uid=6765816 how can i get clomid price
    where buy clomid for sale can you buy cheap clomid without dr prescription and where can i get generic clomid without rx where to buy clomid tablets

    Reply

  343. how can i get generic clomid online and where to buy cheap clomid without insurance can i order clomid
    https://connectathon-results.ihe-europe.net/open_is_url.php?url=https://hormonepathpharm.com how to get generic clomid no prescription and https://www.liveviolet.net/user/ndxktzksnq/videos clomid without rx
    how can i get cheap clomid online where to buy cheap clomid without rx and order generic clomid no prescription how to buy clomid no prescription

    Reply

  390. I have been relying on https://nathealth.casa/# for several months and the service is always outstanding.

    Reply

  442. Les professionnels en ligne derrière https://santemasculine.top/# sont à l’écoute.

    Reply

  450. <a href=" http://opac.bas-net.by/opacpage/phpinfo.php?a=viagra+tablets “>canadian pharmacies comparison and precription drugs from canada best mail order pharmacy canada
    https://images.google.co.ck/url?q=https://canadapillsdelivery.com canadian pharmacy price checker and https://www.hapkido.com.au/user/fnnsrdtnkamailahh-com/ legitimate canadian mail order pharmacy
    canadian online pharmacy www canadianonlinepharmacy and canadian pharmacy service thecanadianpharmacy

    Reply

  681. online ed meds or erectile dysfunction pills online low cost ed medication
    http://changrunhg.ff66.net/productshow.asp?id=28&mnid=48045&mc=???Р§?Р•???Р§?Р•?РІ?????Р§?Р•???Р§?Р•???Р§?Р•???Р§?Р•&url=http://lacefieldurology.com order ed pills and https://www.ydmoli.com/home.php?mod=space&uid=22490 pills for erectile dysfunction online
    how to get ed pills cheapest erectile dysfunction pills or ed medication online online erectile dysfunction pills

    Reply

  737. <a href=" http://www.gnu-darwin.org/www001/src/ports/www/b2evolution/work/b2evolution/blogs/install/phpinfo.php?a=buy+generic+viagra “>best and quickest payday loans and payday loans online with instant approvalpayday cash advance online
    https://images.google.fm/url?sa=t&url=https://paydaybesthub.com loans online instant approval with no creditand https://virtualchemicalsales.ca/user/ocjeyrtake/?um_action=edit best reliable payday loans
    best reliable payday loans loans online instant approval with no creditand cash advance no interest payday loans online instantly

    Reply

  1018. nootropic Modafinil shipped to USA and smart drugs online US pharmacy where to buy Modafinil legally in the US
    https://soluciona.indicator.es/Default.aspx?Returnurl=//modafinil.pro/ wakefulness medication online no Rx or https://chinaexchangeonline.com/user/phplurnbtk/?um_action=edit safe Provigil online delivery service
    Modafinil for ADHD and narcolepsy buy Modafinil online USA and order Provigil without prescription Modafinil for ADHD and narcolepsy

    Reply

  1216. Viagra pas cher livraison rapide france and Viagra 100 mg sans ordonnance SildГ©nafil 100 mg sans ordonnance
    https://maps.google.mn/url?q=https://sansordonnancefr.icu Sildenafil teva 100 mg sans ordonnance or http://www.donggoudi.com/home.php?mod=space&uid=4436373 SildГ©nafil 100mg pharmacie en ligne
    Viagra homme prix en pharmacie sans ordonnance SildГ©nafil 100mg pharmacie en ligne or Viagra sans ordonnance 24h suisse Viagra pas cher livraison rapide france

    Reply

  1345. Acheter viagra en ligne livraison 24h or Viagra en france livraison rapide Meilleur Viagra sans ordonnance 24h
    http://maps.google.gg/url?q=https://sans-ordonnance.club Viagra homme sans prescription and https://kamayegaindia.com/user/qmnequhomn/?um_action=edit Viagra gГ©nГ©rique pas cher livraison rapide
    Viagra homme sans ordonnance belgique Viagra sans ordonnance livraison 24h and Viagra 100mg prix Viagra homme prix en pharmacie sans ordonnance

    Reply

  1808. over the counter sildenafil or Generic Viagra online sildenafil 50 mg price
    http://www.google.com.pg/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&docid=zuid2ho-0hgt1m&tbnid=kc9iiu4fp5ainm:&ved=0cacqjrw&url=http://urohealthdaily.com&ei=nvavvktgends8awt04d4cq&bvm=b buy Viagra over the counter and https://memekrapet.com/user/ruybfqjnqa/videos Buy Viagra online cheap
    Viagra online price Generic Viagra online or buy Viagra over the counter Cheapest Sildenafil online

    Reply

Leave a Reply

Your email address will not be published.


*