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"Naira Surges to N1,400/$ as CBN Clears $7bn Forex Backlogs, Sparking Investor Confidence"

https://jimbamedia.websites.co.in/update/naira-surges-to-n1400-as-cbn-clears-7bn-forex/2424054

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Naira Rebounds to N1,400/$ as CBN Clears Forex Backlogs The Nigerian naira experienced a significant rebound against the United States dollar in both the official and parallel markets. This resurgence followed the Central Bank of Nigeria's announcement of the final settlements of all valid foreign exchange backlogs, amounting to $7 billion. The Acting CBN Director, Corporate Communications, Mrs. Hakama Sidi Ali, disclosed this achievement in Abuja, highlighting the recent clearance of $1.5 bi...

Dollar supply rises to $11bn, naira closes 1,572/$

https://jimbamedia.websites.co.in/update/dollar-supply-rises-to-11bn-naira-closes-1572/2419237

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Forex turnover at the official foreign exchange market has increased to $11.43bn within over two months of trading following fresh reforms by the Central Bank of Nigeria.An analysis of reports and data of daily forex transactions recorded on the website of FMDQ Securities, a platform that publishes official foreign exchange trading in the country, indicated that the figure increased by 185.75 per cent or $7.43bn between January and March 15th through the Nigerian Autonomous Foreign Exchange b...
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