Nigerian Banks Banned From Currency Trading Face Fines, CSL Says

  • Banks may lose income from trading, CSL Stockbrokers says
  • Diamond Bank shares fall most on Nigeria’s benchmark index

Nigerian banks barred from the interbank foreign-exchange market may be fined and face the loss of customers and trading income, analysts at Lagos-based CSL Stockbrokers Ltd. said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.