WIRE — 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 Report, the bank's OTC FX futures transaction fee expense fell sharply to N1.08 billion The post CBN cuts OTC FX futures transaction costs by 91.5%, saves N11.6bn appeared first on Tribune Online.
"We aggregate wires to encourage regional discovery, sending readers directly back to the original source to explore full coverage."
This is a normalized overview of the breaking feed event. The complete, official release detailing all points, background context, and statements remains hosted by the original publisher.