February 17, 2016/Punch The acute scarcity of foreign exchange, especially the United States dollar, made the naira to fall further on Tuesday to 252 against the greenback at the parallel market. The increasing pressure on the naira is caused by high demand for the dollar by importers and speculators, foreign […]
Tag: Ayo Teriba
Rapid lending could weaken Nigerian banks – Fitch
Fitch Ratings, an international financial rating agency, has said that the recent rapid credit growth or lending by Nigerian banks may lead to weakened assets. Financial analysts also agreed with Fitch Ratings that there could be problems if Deposit Money Banks did not exercise restraint in giving out loans to […]
