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Cardoso: $7bn Forex Backlog Settlement Contributed To External Reserves Growth

Cardoso: $7bn Forex Backlog Settlement Contributed To External Reserves Growth

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has said that the apex bank’s settlement of the over $7 billion foreign exchange backlog inherited from the previous leadership of the bank contributed to the recent surge in the country’s external reserves. Speaking during a fireside chat at the maiden CBN Governor...The post Cardoso: $7bn Forex Backlog Settlement Contributed To External Reserves Growth appeared first on New Telegraph.

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