By Abimbola Ogunnaike
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has disclosed apex bank had settled all valid forex backlogs amid the continued appreciation of Naira against the US dollar at the forex market.
Cardoso called on those claiming the foreign exchange backlog has not been cleared should approach the open market to verify the situation.
The Apex Bank boss stated this on Tuesday, 26 March, 2024 while briefing journalists at the end of the 294th Monetary Policy Committee meeting in Abuja.
“As long as the Central Bank of Nigeria is concerned, all valid foreign exchange backlogs have been taken care of.
“We are also not mindful of the fact that there may be some stakeholders who might have a backlog of FX in one form or the other.
“We have done what we can to make the market as open, transparent and liquid as possible. So those particular stakeholders can access the market and take care of their backlog. However, we have met the verified backlogs of contractual obligations,” Cardoso said.
Recall that on March 20, 2024, the apex bank announced that it had cleared the pending $7 billion forex backlog.
However, the President of the Association of Foreign Airlines and Representatives in Nigeria, AFARN, Kingsley Nwokoma, faulted the claim.
