CBN sets sight on outstanding $2.2bn FX backlog
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso said that the apex bank has reduced the $7 billion FX backlog it inherited to $2.2 billion and vowed it was working to clear the outstanding balance. “You can imagine that having $2.2 billion outstanding and $7 billion are not the same thing. We will clear…