Cleanup

In an eyebrow-raising turn of events, the Central Bank of Nigeria (CBN) reported a staggering loss of 13.9 trillion naira (approximately $9 billion) in 2024 due to settling overdue derivatives contracts. This significant financial setback is part of the bank's broader strategy to reduce foreign currency liabilities and bolster investor confidence in the naira, as noted in a recent Bloomberg report. Reflecting on this context, one must wonder: what does this mean for the average Nigerian citizen? Are we…