The Central Bank of Nigeria says it has released $500m to various sectors in its determination to address the backlog of verified foreign exchange transactions. Its Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, disclosed this in a statement on Monday in Abuja. According to Sidi-Ali, this comes barely a week after the apex bank paid approximately $2bn to settle outstanding commitments across various sectors. She said that the management of the CBN was committed to settling all legitimate foreign exchange backlogs within a short time frame. She said the…
Read MoreCBN Releases $500m To Clear Verified Forex Backlog
