Global credit rating agency, Fitch Ratings, has cautioned the Federal government over the proposed establishment of the foreign currency gateway bank recently announced by the Central Bank of Nigeria (CBN) saying this may have a negative impact on the liquidity of Nigerian Deposit Money Banks (DMBs).
This was revealed in the latest Fitch Ratings commentary on Nigerian banks titled “Fitch Takes Rating Action on 12 Nigerian Banks Following Naira Devaluation” released recently.
Earlier, the CBN governor, Dr Olayemi Cardoso had unveiled plans to introduce a new foreign currency gateway bank to ease the country’s forex crisis.
