Moody's: Foreign exchange shortage may force Nigeria's central bank to delay repayments to local banks

Analysts at Moody's Investors Service concluded that a continued shortage of foreign exchange could force the Nigerian central bank to delay repayments of $10.4 billion owed to local banks. The central bank's failure to repay its debts on time could force affected financial institutions to similarly delay repayments of their own foreign exchange-denominated debts. #GameFi, #dyor, #cryptotrading