- The Central Bank of Nigeria released another batch of $500 million for forex backlogs
- The bank stated that the step aligned with its commitment to boost market confidence and attract foreign investment
- Analysts said the recent move might impact the value of the naira, which was experiencing volatility
Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.
The Central Bank of Nigeria (CBN) has disbursed another tranche of $500 million across sectors to follow up on its recent payment of about $2 billion to clear outstanding commitments in manufacturing, aviation, and petroleum sectors.
