Good morning! Here is today’s summary from Nigerian Newspapers: 1. The Central Bank of Nigeria, CBN, has cleared the $7 billion foreign exchange backlog inherited by Governor Yemi Cardoso. This move fulfills a key pledge on his appointment and signifies a significant step towards restoring confidence in the economy. In a statement on Wednesday, CBN’s Acting Director of Corporate Communications, Hakama Sidi Ali, confirmed settlement of all valid FX backlog claims. 2.
This comes after separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund. 6. The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market.
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