FX backlog – InfoStride News

CBN Governor Attributes Rising Reserves to FX Backlog Clearance, Transparency Measures

Temitope Nlewemchi — Sat, 04 Oct 2025 09:30:28 +0000

The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has said that the steady rise in Nigeria’s foreign exchange reserves is the result of deliberate efforts by the apex bank to clear outstanding foreign exchange (FX) backlogs and entrench transparency in the management of the country’s currency market. He said these reforms [...]

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CBN Threatens Sanctions for Non-Compliant Transactions After Forensic Review of FX Backlog

Temitope Nlewemchi — Wed, 17 Jan 2024 22:39:03 +0000

The Central Bank of Nigeria (CBN) has issued a warning of potential sanctions for non-compliant transactions following a forensic review of the foreign exchange (FX) backlog. The move suggests an intensified effort by the CBN to address issues related to the FX market and ensure transparency in currency transactions. Key Points Regarding the CBN’s Warning [...]

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