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Tag "FX backlog"

MAN DG: Going to court over unsettled FX backlog not an option

    MAN DG: Going to court over unsettled FX backlog not an option

The Manufacturers Association of Nigeria (MAN) has denied reports on plans of going to court over unpaid foreign exchange (FX) backlog of members. Segun Ajayi-Kadir, director-general of MAN, spoke in

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Foreign airlines to CBN: We don’t support patronising I&E window for FX

    Foreign airlines to CBN: We don’t support patronising I&E window for FX

Foreign airlines in Nigeria say they do not support patronising the investors and exporters (I&E) window for foreign exchange (FX) transactions. The airlines, under the aegis of the Association of

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ALL valid FX backlog cleared, says CBN

    ALL valid FX backlog cleared, says CBN

The Central Bank of Nigeria (CBN) says it has successfully settled all outstanding foreign exchange (FX) obligations. Hakama Sidi Ali, acting director of corporate communications at CBN, disclosed this in

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EXTRA: ‘Deep Freezer Ltd, Rice and Beans Ltd’ — unusual names of CBN-approved BDC operators

    EXTRA: ‘Deep Freezer Ltd, Rice and Beans Ltd’ — unusual names of CBN-approved BDC operators

Nigeria’s bureau de change (BDC) market has grown significantly since 2005. Within that period (2005 to 2006) there were less than 100 operational BDCs, with the Central Bank of Nigeria

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FX backlog: We’ve paid $400m to settle verified requests, says Cardoso

  FX backlog: We’ve paid $400m to settle verified requests, says Cardoso

Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says $400 million was paid on Tuesday to settle

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Presidency to Atiku: You muddled up facts again — claims on FX management false

  Presidency to Atiku: You muddled up facts again — claims on FX management false

Bayo Onanuga, special adviser to the president on information and strategy, says recent claims made by Atiku Abubakar, former vice-president,

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‘Nonexistent entities got FX’ — Cardoso says $2.4bn transactions were invalid

  ‘Nonexistent entities got FX’ — Cardoso says $2.4bn transactions were invalid

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says several infractions were discovered in about $2.4 billion foreign

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Cardoso: We inherited $7bn FX backlog | $2bn balance will be cleared soon

  Cardoso: We inherited $7bn FX backlog | $2bn balance will be cleared soon

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country will soon be free of its $7

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Again, CBN disburses $500m to clear ‘verified’ FX backlog

  Again, CBN disburses $500m to clear ‘verified’ FX backlog

The Central Bank of Nigeria (CBN) says it has released $500 million to various sectors to address the backlog of

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Edun: There’s liquidity to reduce FX backlog | We’ll get World Bank’s $1.5bn loan

  Edun: There’s liquidity to reduce FX backlog | We’ll get World Bank’s $1.5bn loan

Wale Edun, minister of finance and coordinating minister of the economy, says there is liquidity in the Nigerian banking sector

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