The Central Bank of Nigeria (CBN) has announced the successful clearance of all outstanding forex forward contracts, a move that has triggered significant adjustments in exchange rate expectations among forex dealers. The CBN’s action comes as a relief to market participants and is expected to ease pressure on the foreign exchange market.

According to a statement from the acting director of corporate communications, Sidi Ali, the CBN, under the leadership of Governor Oluyemi Cardoso, has settled a backlog...

https://ratecaptain.com/cbn-clears-forex-debt-triggers-new-exchange-rate-expectations/