Nigeria's Central Bank Slashes FX Futures Costs, Bolsters Economy
In a strategic move, the Central Bank of Nigeria has drastically cut its foreign exchange futures transaction costs, saving billions and signaling a leaner financial operation. This decisive action reflects the bank's commitment to optimizing resources amidst declining market activity. The significant cost reduction positions the CBN for enhanced financial stability and efficiency.
The Central Bank of Nigeria (CBN) reduced its spending on transactions involving naira-settled over-the-counter (OTC) foreign exchange futures by 91.5 percent in 2025, saving about N11.61 billion as activity in the market continued to decline. According to the CBN’s 2025 Annual R
This story was sourced from Tribune Online and rewritten in SEVA editorial voice. Read the full original at the source.