Nigeria Banks Ration Dollars as Regulator Signals Stopping Sales
- Lenders conserving the greenback to meet import obligations
- Central bank urging banks to source their own foreign-exchange
This article is for subscribers only.
Sign up here to get the latest updates on the Russian invasion of Ukraine. You can also follow us on Telegram here.
Nigerian lenders cut the dollar spending limits on local currency cards to free more resources to fund imports after the central bank signaled it will stop foreign-exchange sales to banks.