The central bank has “cleared” bank and airline forex backlogs, according to Nairametrics.
Banks’ sources, according to the online media, claimed that the central bank is clearing backlogs.
They also indicate that airline backlogs are being cleared.
It is unknown where the supply used to clear the backlog is coming from.
However, the government announced plans to clear forex backlogs with a $10 billion injection.
The clearing of forex backlogs was also mentioned in a Stanbic IBTC report.
“Yesterday, the apex bank began clearing the backlog of outstanding Retail SMIS obligations. The total amount cleared is yet to be ascertained.”
