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.
‘My Wife’s Ring Can Buy 2 Or 3 Rolls Royce’ – Davido Brags As Chioma Flaunts $1 Million Diamond Ring (Video)
Nigerian Afrobeat star Davido and his fiancée Chioma Rowland, who are set to wed on June 25th, made headlines as...
BREAKING: Labour Party Leadership Crisis Resolved As Abure and Apapa Factions Unite
The Labour Party's leadership crisis has ended as factions led by Julius Abure and Lamidi Apapa reconciled to present a...
EXCLUSIVE: Nigerians To Start Using Three-In-One National Identity Card Soon
NIMC is set to launch a versatile three-in-one identity card for Nigerians, featuring payment capabilities and social service functionalities, following...
HND Holders From Polytechnics Must Undergo One-Year Mandatory Training – FG
Dr. Folasade Yemi-Esan, Head of the Civil Service, has mandated HND holders to undergo a one-year training before promotion to...
EFCC Arrests Two Ex-Union Bank Employees For Stealing N4.2m From A Dead Customer’s Account
The EFCC arrested two former Union Bank employees in Makurdi for embezzling N4.2 million from a deceased customer's account.
BREAKING: Christ Embassy Church Headquarters in Lagos On Fire (Video)
The Christ Embassy Church headquarters in Ikeja, Lagos caught fire on Sunday morning.
BREAKING: Finidi George Resigns As Super Eagles Head Coach
Finidi George resigns as the head coach of the Super Eagles, following the NFF's plan to hire a foreign technical...
Tension As President Tinubu Falls, Hits Head On Parade Vehicle During Democracy Day (Video)
Nigerian President Bola Tinubu stumbled and fell during the June 12 Democracy Day parade, sparking renewed concerns about his health.
Democracy Day: FG Announces Date for Public Holiday
The Federal Government has announced June 12 as a public holiday to celebrate Democracy Day.
5 Best Video Interview Software You Should Be Using
Zoom, HireVue, and Spark are some of the best video interview software. These tools enhance efficiency, improve candidate experience, and...