CBN Prohibits the Use of Foreign Currency Denominated Collaterals for Naira Loans

The Central Bank of Nigeria Prohibits the Use of Foreign Currency Denominated Collaterals for Naira Loans In our latest publication, we give an insight to the CBN’s latest directive prohibiting the use of foreign-currency-denominated collaterals for Naira Loans. In the…

By Tomiwa Ogunbanwo

Apr 16, 2024

Author

  • Senior Associate

The Central Bank of Nigeria Prohibits the Use of Foreign Currency Denominated Collaterals for Naira Loans

In our latest publication, we give an insight to the CBN’s latest directive prohibiting the use of foreign-currency-denominated collaterals for Naira Loans.

In the said publication, we delved into how this move impacts the activities of commercial banks and what it means for Nigeria’s economic stability.

Click here to read the article on the Use of Foreign Currency Denominated Collaterals for Naira Loans

 

 

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