CBN, bank treasurers meet over forex, liquidity crises
lFitch downgrades Nigeria to ‘B+’ lMobil sells $100m Ayodele Aminu
I
n a bid to review and fine-tune the newly introduced foreign
exchange policy, as well as discuss the current liquidity crisis that has astronomically raised interbank rates, lenders’ head
of treasury are meeting with the top officials of the Central Bank of Nigeria (CBN) in Lagos on Sunday. The planned consulta-
tion emerged hours after Fitch Ratings downgraded Nigeria's Long-term foreign currency Issuer Default Rating (IDR) to 'B+'
from 'BB-' and Long-term local currency IDR to 'BB-' from 'BB' with stable outlooks. New Telegraph learnt that the meeting, which is at the instance of the trea-
surers, is basically to review the new forex policy that commenced last Monday and possibly fine-tune some of the grey areas. The meeting, which is CONTINUED ON PAGE 4
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Police officers must declare assets –Acting IG }5
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Friday, June 24, 2016
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