FX backlog Archives -

CBN clears backlog of billion in FX claims

CBN clears backlog of $7 billion in FX claims

NewsDesk8 months ago8 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

NewsDesk9 months ago9 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…

Chief Editor

Yusuf An-Nuphawy

Awolowo advocates maritime security for AfCFTA as summit opens in China

Chief of army staff, Lt. Gen. Taoreed Abiodun Lagbaja is dead

FG records ₦39tn decreased net asset

Tinubu promotes acting chief of army staff to lieutenant general

New education minister reverses 18 years entry policy for varsity admission

Gov. Abba, Falana, others, secure release of 71 minors

FX backlog

CBN clears backlog of $7 billion in FX claims

CBN sets sight on outstanding $2.2bn FX backlog