Tag: CBN
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Ease as CBN eventually eliminates the entire legitimate FX backlog
The Central Bank of Nigeria (CBN) said on Wednesday that it had finally paid off all legitimate foreign exchange backlogs, processing claims totaling US$7...
Naira gains 4.55% as a result of CBN clearing the FX backlog
Since the Central Bank of Nigeria (CBN) cleared all foreign currency (FX) backlog, the value of the naira has steadily improved, gaining 4.55 percent...
CBN’s N10 Trillion Intervention: N193 Billion Loans Deemed Lost
With an estimated N10.3 trillion in funding, the Central Bank of Nigeria's Intervention Funds Programme has a 75.8% repayment record.
The study also claims that...
Naira remains steady based on CBN’s FX metrics
The naira strengthened to N1,572.86 per dollar on the official market on Monday, following N1,602.75/$1 on Friday, signaling a solid start to the foreign...
Tinubu, beware the gathering clouds(2)
Last week, we read how the signs are not looking good for a nation like ours that wants to be reckoned with internationally. We...
