CBN CLEARS ALL FOREIGN EXCHANGEBACKLOG
The Central Bank of Nigeria CBN hasannounced it has cleared the seven billion dollars foreign exchange FX backlog inherited by Governor YEMI CARDOSO in fulfillmentof a key pledge on his appointment and signifies a significant step towards restoring confidence in the economy. The Acting Director of Corporate Communications of the CBN, HAKAMA SIDI ALI who confirmed the settlement of all valid FX backlog claims yesterday said the CBNemployed Deloitte Consulting, an independent auditing firm, to meticulously assess the transactions, ensuring that only legitimate claims were honored. The CBN’s commitment to tackling the FXbacklog appears to be paying […]
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