The Central Bank of Nigeria (CBN) said on Tuesday that it has fulfilled its pledge to clear the backlog of foreign exchange owed foreign airlines in the country with total verified amount of 136.73 million dollars now paid.
Mrs. Hakama Sidi-Ali, CBN’s Acting Director, Corporate
Communications, said this in a statement on Tuesday.
The apex bank said this on Tuesday while announcing payment
of an additional 64.44 million dollars.
“All the verified airline claims have now been cleared,” she
said.
She assured that the CBN management was committed and would
stop at nothing to ensure that the verified backlog of payments across all
other sectors was cleared.
“We will ensure that confidence is restored in the Nigerian
foreign exchange market.
“The CBN is working with stakeholders to ensure that
liquidity improves within the forex market, thereby reducing pressure on the
Naira,” she said.
Sidi-Ali expressed optimism that the market would respond
positively with the latest injection of over 64.44 million dollars.
She admonished actors in the foreign exchange market to
guard against speculation as such actions could hurt the Naira.
She also called on the Nigerian public to support the
reforms in the foreign exchange market.
According to her, the CBN will continue to promote
orderliness and professional conduct by all participants to ensure market
forces determine exchange rates. NAN
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