SATURDAY 30TH DECEMBER 2023

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FG Receives $2.25 Billion of $3.3 Billion Afreximbank's Loan to Boost FX Liquidity Balance of $1.05bn to be paid next week James Emejo in Abuja The federal government yesterday finally received $2.25 billion out of

the $3.3 billion foreign exchange (FX) facility from the African Export–Import Bank (Afreximbank). THISDAY learnt that the FX inflow

has been received by the federal government. The long-awaited credit support seeks to ameliorate the acute FX

shortage in the country which had constrained economic activities and doused investors' confidence. Earlier in December, President Bola

Tinubu had assured Nigerians of the commitment by his administration to resolve the FX backlogs through injection of funds into the market.

Speaking at the opening of the recent 2023 Bank Directors' Summit Continued on page 5

Stock Market Closes 2023 Positive as Investors Gain N13tn...

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Saturday, December 30, 2023 Vol 28. No 10489

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…IN POLITICS, MUSIC, TECH, ARTS, BUSINESS, SPORTS

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FG Approves 100% VAT Waiver on CNG, LPG ...

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SATURDAY 30TH DECEMBER 2023 by THISDAY Newspapers Ltd - Issuu