Nigerian central bank says it has cleared some lenders’ FX liabilities

The Central Financial institution of Nigeria (CBN) has stated it has cleared the excellent overseas alternate liabilities of 14 lenders, Reuters reported on January 17.

A CBN spokeswoman stated the central financial institution had settled the lenders’ matured FX contracts, and now supposed to clear the liabilities of airways. It isn’t clear how a lot the banks’ liabilities had been value, or whether or not the central financial institution will take care of different sectors’ matured FX contracts.

Final week, the central financial institution introduced it had eliminated the administration of

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