The interest rate was reduced to 14 percent from 15.5 percent.
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This is CBN's first wholesale intervention to relieve the pressure on accessing foreign exchange.
Barclays was listed in currency rigging report by the Competition Commission.
Pension schemes can now invest in all exchange traded derivatives and Reits.
The move is to avoid continuous surge in bad loans.
The Competition Commission in a two-year investigation said the banks united and coordinated fabricated bids and offers in order to control the market.
This resolution was made to address dollar shortages at the official markets.
The agreement will boost trade finance in Africa.
The loan will boost the bank’s capital base and its outreach to the economy.