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.
Telcos Challenge Senate to Tell Nigerians the Truth, Insist Country Has Capacity for Real-Time Transmission
Telecom operators, including MTN, Airtel, Globacom and T2 Mobile, have rejected the Senate’s claims of inadequate infrastructure.
Drama at Fitness Centre as Man Arrests Gym Instructor for Impregnating His Daughter (Video)
Tension erupted at a fitness centre after a man arrived with police officers to arrest a gym instructor accused of...
IPOB Slams Tinubu’s Aide Over Kanu Conviction Comparison, Insists ‘Biafra Restoration Is Unstoppable’
The Indigenous People of Biafra has faulted comments credited to a presidential aide comparing Nnamdi Kanu’s terrorism conviction with Sunday...
‘I Took Snipper, Felt Completely Overwhelmed’ – Mirabel Narrates How She Was Allegedly Raped in Her Apartment, Releases Suspect’s Messages (Video)
A Nigerian woman identified as Mirabel has sparked nationwide reactions after sharing an emotional video alleging she was raped in...
US Slaps Terror, Cyber Sanctions on Nigerians, Freezes their Assets (Full List)
The United States has sanctioned more than 20 Nigerians and several organisations over alleged ties to terrorism and cybercrime,
‘Why I Stopped Paying Tithes to Churches’ – Toke Makinwa (Video)
Media personality Toke Makinwa says she no longer pays tithes to churches, choosing instead to support individuals, hospitals, and maternity...
BREAKING: National Assembly Approves N1.50trn 2026 Budget for Nigerian Army
The National Assembly has approved a N1.50 trillion allocation for the Nigerian Army in 2026.
IPOB Issues Global Directive Over Nnamdi Kanu’s Medical, Legal Support (Full Details)
IPOB has issued an internal memo calling for global support for Nnamdi Kanu’s medical treatment and legal defence.
Happy Valentine: 120 Valentine’s Day Love Messages for Your Wife, Husband, Boyfriend, Girlfriend, Love Ones
Valentine’s Day is the perfect time to express what words often fail to say. These heartfelt love messages will help...
Sunday Igboho Urges Nnamdi Kanu to Seek Dialogue With Tinubu
Sunday Igboho has praised Nnamdi Kanu for cancelling the Monday sit-at-home in the South-East and urged the IPOB leader to...
You must be logged in to post a comment Login