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.
BREAKING: UK Turns Down FG’s Appeal for Ekweremadu’s Prison Transfer
The UK has turned down Nigeria’s bid to have former Deputy Senate President Ike Ekweremadu return home to finish his...
BREAKING: Atiku Officially Joins ADC Ahead of 2027 Elections
Former Vice President Atiku Abubakar has formalized his membership with the African Democratic Congress, marking a key move in Nigeria’s...
BREAKING: Full List of 265 Pupils and Staff Still Held by Bandits After St. Mary’s Catholic School Abduction
The Catholic Diocese of Kontagora confirmed that 265 students and staff remain in captivity following last week’s mass abduction in...
Adekunle Gold’s Daughter Charms London Crowd While Introducing Her Father on Stage (Video)
Adejare, Adekunle Gold’s daughter, warmed hearts as she took the stage to introduce her father, charming the London audience with...
Former Minister Ezekwesili Accuses FG of Committing Crimes Against Children
Oby Ezekwesili has condemned the Nigerian government for failing to protect schoolchildren, calling abductions by terrorists “proof of state collapse”...
‘This Film Is Nigeria’: Netflix’s ‘The Herd’ Meets a Nation Already Living the Story
As Nigeria battles recurring kidnappings and community attacks, The Herd has shifted from a fictional thriller to a stark reflection...
BREAKING: Nollywood Actor Odira Nwobu Dies Hours After Last Social Media Post, Cause of Death
Renowned Nollywood actor Odira Nwobu has reportedly passed away in South Africa, sparking shock across the entertainment industry.
FRSC Officer and Daughter Feared Killed for Rituals, Suspect Confesses
Authorities say a key suspect has confessed to being involved in the disappearance of FRSC officer Funmilayo Lasisi and her...
Ezra Olubi Fumes After Sudden Paystack Sack, Alleges ‘No Fair Hearing’
Paystack Co-founder and CTO Ezra Olubi says his abrupt termination was carried out without a hearing or completion of the...
Paystack Fires Co-Founder Ezra Olubi Over Alleged Sexual Controversies
Paystack has terminated the appointment of its Co-founder and CTO, Ezra Olubi, following public allegations of misconduct involving a junior...
You must be logged in to post a comment Login