Why We Refused To Validate $2.4bn FX Backlog

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Why We Refused To Validate $2.4bn FX Backlog — CBN

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Why We Refused To Validate $2.4bn FX Backlog — CBN

« on: March 26, 2024, 07:00:32 PM »

Why We Refused To Validate $2.4bn FX Backlog — CBN

The Central Bank of Nigeria (CBN) has said that it refused to validate the outstanding $2.4 billion Forex forward transactions because they were ineligible for forex allocation. CBN governor, Olayemi Cardoso, disclosed this on Wednesday in reaction to foreign airline operators’ claim that CBN was yet to settle all FX backlog to its members. Cardoso […]

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