LAGOS, April 13 (Reuters) - Nigeria’s central bank said on Thursday some commercial lenders have breached its regulatory limit of foreign currency borrowings due to the recent fall in the value of the naira.
In a remedial action, the regulator increased the foreign currency borrowing limit for lenders to 125 percent of their respective shareholders’ fund from 75 percent previously, it said in a new circular seen by Reuters on Thursday. (Reporting by Chijioke Ohuocha Editing by Jeremy Gaunt)
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