The International Air Transport Association (IATA) has lauded the Central Bank of Nigeria (CBN) for releasing $64.44 million in blocked airline funds but said $700 million remains blocked in the…
Read More IATA faults CBN, says Airlines ‘$700m funds remains blocked in Nigeria’ The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed to foreign airlines in the country, has concluded the payment of all verified…
Read More Forex Backlog: CBN concludes payment of all verified claims by airlines
The Central Bank of Nigeria (CBN) on Monday said it has released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions. The Acting Director…
Read More CBN releases $500m to clear more verified FX liabilities backlog
The presidency has explained why FAAN headquarters and some departments of the Central Bank of Nigeria are being relocated to Lagos from Abuja. Bayo Onanuga, special adviser on information and…
Read More Why we’re relocating FAAN headquarters, CBN to Lagos – Presidency
Our reporter/ The Central Bank of Nigeria (CBN) on Wednesday said an independent forensic review of the foreign exchange (FX) backlog revealed “grave infractions, gross abuse and noncompliance” with market…
Read More CBN uncovers gross abuse in FX market regulations, to punish offenders