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Nigeria’s Access Bank swapped $50 mln with U.S lender JP Morgan at 400 naira in Jan

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Naija247news, Nigeriahttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

LAGOS, March 2 – Nigeria’s Access Bank swapped a total of $150 million with two foreign lenders in January, central bank data showed.

The Nigerian bank exchanged $50 million with U.S. lender JP Morgan at 400 naira per dollar and another $100 million with South Africa’s ABSA at 329 naira, data showed.

 

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