Nigeria’s FX market reset as CBN completes $7bn forwards audit

Nationaldailyng | 02-09-2025 10:27pm |

The Central Bank of Nigeria’s (CBN) forensic audit into undelivered foreign exchange (FX) forward contracts has sent ripples through the financial sector, exposing years of systemic lapses, questionable documentation, and alleged abuse of Nigeria’s forex window. The apex bank, working with global audit firm Deloitte, reviewed billions of dollars in forward contracts — deals where

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