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CBN clears $7bn verified forex backlog

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CBN clears $7bn verified forex backlog

10 Oct, 2025

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has disclosed that his administration has cleared over $7 billion in verified foreign exchange backlogs within two years in office. He said the CBN under his watch has also implemented major reforms to strengthen Nigeria’s financial system, including the unification of exchange rates to reduce volatility in the forex market..................READ MORE