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.
In a Wednesday statement, Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications at CBN, confirmed that all legitimate claims for FX backlog have been resolved.
This action not only upholds a crucial promise made upon his appointment but also marks a meaningful progression in rebuilding trust in the economy.
“Any invalid transactions were referred to the relevant authorities for further investigation,