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Nigeria Incurs $9 Billion Derivatives Loss to Clean Up Reserves

Markets

Emele Onu

·

May 3, 2025

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Bloomberg

The Nigerian central bank had a 13.9 trillion naira ($9 billion) loss on the settlement of overdue derivatives contracts in 2024 as it tried to prune foreign currency liabilities on its balance sheet and restore investor confidence on available measures to support the naira.

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