CBN’s unsettled FX backlog puts investors on hold

CBN reopens dollar tap for BDCs to curb naira gap

Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN)'s gaping unsettled foreign exchange backlog owed to local businesses is hurting confidence in its latest currency reform and threatens to shut out foreign investors from the market. The apex bank used to sell about $200 million in FX forward contracts every t

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