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Nairaland Forum / Nairaland / General / Politics / BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn (1490 Views)
Cbn Settles All Forex Backlog, As External Reserves Rise To $34.11bn / Ex-FIRS Boss Nami Approved ₦11bn Payments After His Exit - TheCable / External Reserves Slides To 27 Months Low (2) (3) (4)
BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by FreeStuffsNG: 10:08pm On Mar 20 |
CBN settles all FX backlog as external reserves rise to $34.11bn Nduka Chiejina, Abuja March 20, 2024 The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. This move fulfills a key pledge on his appointment and signifies a significant step towards restoring confidence in the economy. In a statement on Wednesday, CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, confirmed 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. The CBN’s commitment to tackling the FX backlog appears to be paying off. External reserves have seen a significant rise, reaching $34.11 billion as of March 7, 2024, the highest level in eight months This month-on-month increase is attributed to a notable rise in remittance payments from Nigerians abroad and increased foreign investment in local assets, including government debt securities. The CBN’s actions are part of a broader strategy outlined during the last Monetary Policy Committee (MPC) meeting. https://thenationonlineng.net/breaking-cbn-setles-all-fx-backlog-as-external-reserves-rise-to-34-11bn/ Mynd44 nlfpmod 15 Likes 1 Share
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Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by FreeStuffsNG: 10:08pm On Mar 20 |
The CBN’s commitment to tackling the FX backlog appears to be paying off. CBN settles all FX backlog as external reserves rise to $34.11bn We have done it again and proven the naysayers and unpatriotic elements wrong! May God bless Nigeria for ever! Check my signature for free stuffs! 17 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Feintline: 10:09pm On Mar 20 |
Oga leave all these noise from tinubu propaganda noise making newspaper. All these noise does not reduce the price of fuel, garri, rice, neither does it improve the standard of hell living Nigeria has been thrown into. You do this , you do that. What has it done to pull us out from the great tinubulation that is hitting the nation? Anything you claim to be doing or have done that does not reflect on the economy and cost of goods and service is as useless as the 'P' in the word Psychology. Return the dollar to were you found it. Forget about the 216 or 300 to a dollar noise. Return it back to where you found it on may 29 3 Likes 1 Share |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Artscollection: 10:10pm On Mar 20 |
The nation!! |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by forgiveness: 10:15pm On Mar 20 |
How many times this topic go open? |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by helinues: 10:20pm On Mar 20 |
forgiveness: Do you have issue with development news? 15 Likes 1 Share |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Ofunaofu: 10:26pm On Mar 20 |
helinues: Chai! helinus CBN clears FX backlog; it becomes development news. Why was there a backlog, and who created it? |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Roboto11: 10:27pm On Mar 20 |
Feintline: If you like, don't secure your future. Continue screaming return the dollar. 9 Likes 1 Share |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by forgiveness: 10:27pm On Mar 20 |
helinues: What is issue with development news? The issue is creating multiple topics. |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by helinues: 10:27pm On Mar 20 |
Ofunaofu: Opposition is not madness. If the Fg had squandered the money meant for the repayment, would they have paid the money? 15 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by victorDanladi: 10:28pm On Mar 20 |
Artscollection:https://www.vanguardngr.com/2024/03/breaking-cbn-clears-all-fx-backlog-as-external-reserves-rise-to-34-11bn/ https://punchng.com/breaking-cbn-clears-7bn-forex-backlogs/ 4 Likes 2 Shares
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Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by naija4life247: 10:28pm On Mar 20 |
Emefielelele will not die well. Na Ogun go kee all the people wey dey support am and their Mama 14 Likes 3 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by helinues: 10:28pm On Mar 20 |
forgiveness: Comment on the one that interest you and Waka. Don't be a nagging guy 13 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by victorDanladi: 10:28pm On Mar 20 |
Feintline:https://www.vanguardngr.com/2024/03/breaking-cbn-clears-all-fx-backlog-as-external-reserves-rise-to-34-11bn/ https://punchng.com/breaking-cbn-clears-7bn-forex-backlogs/ 4 Likes 2 Shares
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Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Paraman: 10:29pm On Mar 20 |
FreeStuffsNG: $ will be sold for #3000 before the end of march in the mud. 4 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by naija4life247: 10:29pm On Mar 20 |
FreeStuffsNG: The naysayers will die miserably. They will not eat out of the good of the land, so says the Bible 15 Likes 3 Shares
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Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Ofunaofu: 10:29pm On Mar 20 |
helinues: Why was there a backlog, who created the it? |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by forgiveness: 10:30pm On Mar 20 |
helinues: What stops you from nagging and waka passing? See me see trouble oooo |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by seunmsg(m): 10:31pm On Mar 20 |
Better days are coming. 15 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by helinues: 10:31pm On Mar 20 |
Ofunaofu: Don't you have official email of the CBN to ask that question? 7 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Ofunaofu: 10:31pm On Mar 20 |
naija4life247: You can't compare Emefiele with this patch patch CV CBN governor. Emefiele is Miles ahead |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by helinues: 10:32pm On Mar 20 |
forgiveness: You are the one who is nagging on development news. Carry that nagging away from here. This thread is for Nigerian Patriots not Parrots 3 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by DeLaRue: 10:33pm On Mar 20 |
Excellent! The Cbn governor is proving his mettle. Every policy that he introduced that all the publicity-hungry 'experts' on Arise TV said would never work are slowly but surely working. 4 Likes 1 Share |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Paraman: 10:34pm On Mar 20 |
Feintline:You will shalaye for the next 500 years 5 Likes 3 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Ofunaofu: 10:34pm On Mar 20 |
helinues: So you don't know why but jumped into the news, describing it as a development news helinus, please try to be reasonable |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by helinues: 10:34pm On Mar 20 |
Feintline: You go shalaye tired 2 Likes 2 Shares
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Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by helinues: 10:36pm On Mar 20 |
Ofunaofu: The new appointed CBN by this government cleared the logs while Emefiele that was appointed by GEJ couldn't. Are you happy now Mr Reasonable 4 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by forgiveness: 10:38pm On Mar 20 |
helinues: Patriots!!!! Pele n ti re. Developmental news is a welcome development but striving for your thread to be on front page when we already commented on one. |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by tommy589(m): 10:39pm On Mar 20 |
Credit rating is getting a boost 2 Likes 1 Share |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Putindbutt: 10:41pm On Mar 20 |
Wonderful. Emefiele and his bald head must grow old inside kuje 3 Likes 2 Shares |
Re: BREAKING: CBN Settles All FX Backlog As External Reserves Rise To $34.11bn by Putindbutt: 10:42pm On Mar 20 |
Ofunaofu:It is not newsworthy abi? But when foreign airlines were shutting down operations in the country because of backlogs, una dey wail everywhere. No be the same Emefiele una dey buttlick create the problems. 6 Likes 2 Shares |
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