Business
CBN Clears All Outstanding FX Backlog, As Nigeria’s External Reserves Jump to $34.11bn
CBN clears all outstanding fx backlog as Nigeria’s external reserves rises to $34.11 billion.
CBN clears all outstanding fx backlog as Nigeria’s external reserves rises to $34.11 billion.
The Central Bank of Nigeria has successfully resolved all outstanding foreign exchange obligations while the country’s external reserves have increased to a significant $34.11 billion.
VerseNews reports that this was confirmed in a statement on Wednesday by Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications at CBN.
She confirmed that all legitimate claims for FX backlog have been resolved.
According to the CBN, it employed Deloitte Consulting, an independent auditing firm, to meticulously assess the transactions, ensuring that only legitimate claims were honoured.
“Any invalid transactions were referred to the relevant authorities for further investigation,” it said.
The CBN’s actions are part of a broader strategy outlined during the last Monetary Policy Committee (MPC) meeting.
VIDEO: FIFA Lights Up Mexico City Sky With Spectacular Drone Show Ahead of 2026 World Cup Kickoff
FIFA delivered a breathtaking drone display above the Estadio Ciudad de México, dazzling fans with giant aerial formations, including the...
Lawyer Faults Eculaw Analysis, Says Nnamdi Kanu’s Appeal Brief Was Fundamentally Misread
Constitutional lawyer Christopher Chidera has faulted Eculaw’s assessment of Nnamdi Kanu’s appeal, arguing that the legal platform misread the structure...
Nnamdi Kanu’s Appeal Hinges on One Question: “Show Me the Law,” Legal Brief Argues
A legal briefing by Christopher Chidera Esq. says the core of Mazi Nnamdi Kanu’s appeal is not whether his terrorism...
Orji Uzor Kalu Accused of Seeking Massive Cut From SEDC Funds
The Abia State’s “Senior man” is leg-deep into a messy murky-water fight with the SEDC, I learnt. The crux of...
BREAKING: Oyo School Kidnappers Demand ₦1bn, Sharia Law for Release of Abducted Pupils, Teachers
Fresh details have emerged in the Oyo school abduction case, with reports indicating that the kidnappers are demanding a ₦1...
VIDEO: Peller Finally Pops the Question as Jarvis Says Yes in Romantic Ghana Proposal
Popular TikTok creator Peller has taken his relationship with fellow content creator Jarvis to the next level after surprising her...
‘I Will Name Them If…”: Sunday Igboho Threatens to Expose Nigerian Politicians Behind Oyo Schoolchildren Abduction
Yoruba Nation activist Sunday Igboho has alleged that politicians are sponsoring kidnappers operating in parts of Oyo State...
Fresh Security Concerns as Gunmen Abduct Tinubu’s Ex-Power Adelabu’s Sister, 12-Year-Old Twin Sons
The sister of former Minister of Power and APC governorship aspirant, Adebayo Adelabu, and her twin sons have been kidnapped...
Hardship Deepens as Nigerians Borrow Nearly ₦2tn in Personal Loans to Survive
Personal loans obtained by Nigerians surged to ₦1.96 trillion in January 2026, accounting for more than half of the country's...
BREAKING: Gunmen Kidnap Former Defence Spokesman, Wife
The Nigerian military has begun efforts to rescue former Director of Defence Information, Major General Rabe Abubakar (retd.), and his...
You must be logged in to post a comment Login