The national currency, the naira, continues to fluctuate, even as giant efforts to prop it up intensifies. The Central Bank of Nigeria, CBN has begun to clear some of its foreign exchange backlog. While we can confirm that a sum of 6.7 billion dollars has been paid to reduce the Forex backlog, the naira had risen to 1,120 to the dollar in the foreign exchange market. We are still a long, long way from home

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