The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, on Monday said that about $2.4 billion foreign exchange (FX) backlog was not valid for settlement by the Federal Government. Cardoso, in an exclusive interview with Arise Television, clarified that out of the initially reported $7 billion FX liabilities of the Federal Government, […]
Tag: Foreign Exchange (FX)
Pharmaceutical Group Seeks Review Of N100Bn Health Sector Facility’s Terms
Pharmaceutical industry operators in the country are seeking a review of the terms and conditions for accessing and repaying the N100 billion Central Bank of Nigeria’s (CBN) Health Sector Support Facility as they contend with scarcity of foreign exchange (FX) and other fiscal challenges in their operations. The N100 billion credit support intervention fund is […]