The Central Bank of Nigeria (CBN) says it has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. In a statement on Wednesday, CBN’s Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, confirmed the settlement of all valid FX backlog claims. The CBN, she said, employed Deloitte Consulting, an independent auditing firm, to meticulously assess the transactions, ensuring that only legitimate claims were honoured. “Any invalid transactions were referred to the relevant authorities for further investigation,” she stated.
Police caution against planned nationwide protest, call it ‘ill-timed, provocative’
The Nigeria Police Force (NPF) has issued a stern warning to the organizers of a planned nationwide protest slated for...
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