Letters Of Credit Surge 33.3% On Improved Forex Liquidity
Improved access to foreign exchange in Nigeria’s financial system has spurred a surge in trade-related transactions, with the value of Letters of Credit (LCs) rising by 33.3 per cent year-on-year in the first eight months of 2025. According to data from the Central Bank of Nigeria (CBN), total international payments facilitated by the apex bank […]