According to the Nigerian Maritime Administration and Safety Agency (NIMASA), the $350m accumulated under the Cabotage Vessel Financing Fund is intact and currently in the Single Treasury Account of the Central Bank of Nigeria. 

Telecom operators in Nigeria are seeking regulatory approval from the Nigerian Communications Commission (NCC) to discontinue Unstructured Supplementary Service Data (USSD) services to banks over an unpaid debt exceeding N250 billion.

The International Monetary Fund (IMF) has said that Nigeria continues to engage with the global debt market despite challenges posed by high borrowing costs.  

On Tuesday, Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, stated that the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria which aimed at steadying the naira aligned with President Bola Tinubu’s “multi-faceted approach to ridding the nation’s foreign exchange market of malign actors and sharp practices.” 

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