CBN Clears $6.7bn Forex Backlog

CBN Addresses Forex Liabilities Backlog, Releases Additional $500 Million

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Eko Hot Blog reports In a continued effort to resolve the verified foreign exchange (forex) transaction backlog, the Central Bank of Nigeria (CBN) has released an additional sum of US$500 million across various sectors. EDITOR’S PICK: Kano Hisbah Arrests 52 Keke Riders Over Alleged Immoral Haircuts And Unlawful Activities Femi Otedola Expresses Joy As He … Read more

Naira Appreciates As CBN Clears $6.7bn Forex Backlog

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EKO HOT BLOG reports that the Federal Government through the Central Bank of Nigeria, has commenced payment of outstanding matured FX forwards owed to various creditors. According to the PUNCH, source familiar with the development confirmed the payment on Thursday. Meanwhile, unconfirmed sources said three banks received full payment of debts owed. The banks are … Read more

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