JUST IN: With $64.44m Addition, CBN Concludes Payment of FX Backlog to Foreign Airlines
The Central Bank of Nigeria (CBN) has concluded the payment of all verified claims of backlog of foreign exchange owed to foreign airlines, with an additional $64.44 million to the concerned...
CBN Releases $500m to Address Verified FX Backlog
The Central Bank of Nigeria (CBN) has released US$500 million to various sectors in effort to address the backlog of verified foreign exchange (forex) transactions.
This comes barely a week after the Bank paid approximately US $2.0 billion...
CBN Pays $2bn, Vows to Clear Foreign Exchange Liabilities Backlog
The Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign exchange liabilities, has paid approximately USD 2.0 billion across various sectors, including manufacturing, aviation and petroleum.
The Bank has also...
Mrs Hakama Sidi-Ali not only shattered the glass ceiling by becoming the first woman to be appointed CBN spokesperson and a member of the Nigeria Institute of Public Relations (NIPR), but her appointment also fulfilled all professional and legal requirements.
Naira in Circulations Rises to N3.4trn as CBN Assures of Adequate Cash Supply
The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the reported cases of cash scarcity in some major cities across the country.
It attributed the...
Nigerian Banks Are Buoyant, CBN Assures
The Central Bank of Nigeria (CBN), has assured the banking public that Nigerian banks are buoyant.
The CBN said this in a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi Ali.
Ali’s statement was informed by reports in...
