FX backlog Archives -

CBN clears backlog of billion in FX claims

CBN clears backlog of $7 billion in FX claims

NewsDesk9 months ago9 months ago03 mins

Barbara Bako, Abuja The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the CBN Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion in claims. This was disclosed by the Bank’s Acting Director, Corporate Communications, Mrs. Hakama Sidi…

CBN sets sight on outstanding .2bn FX backlog

CBN sets sight on outstanding $2.2bn FX backlog

NewsDesk11 months ago11 months ago02 mins

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…

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FX backlog

CBN clears backlog of $7 billion in FX claims

CBN sets sight on outstanding $2.2bn FX backlog