- The Central Bank of Nigeria (CBN) said it has finally cleared all the forex forward backlog owed
- The bank also stated that there is a significant increase in Nigeria’s external reserves used to defend the naira
- The development has seen forex traders adjust their naira to dollar exchange rate expectation
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Central Bank of Nigeria (CBN)has revealed that it has fulfilled the promise to pay all valid foreign exchange forwards liability.
