- CBN has issued new guidelines for foreign banks with representative offices in Nigeria
- The guideline, among several others, allows foreign banks to offer loans in U.S. dollars to Nigerian companies
- The move is expected to increase the availability of dollar-denominated loans for businesses
The Central Bank of Nigeria (CBN) has authorised foreign banks with offices in the country to give loans in dollars to Nigerian companies.
The CBN’s decision was made public in a new guideline signed by Muhammad Musa, the Director of the Financial Policy and Regulation Department.
