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Fulfilling its promise, the Central Bank of Nigeria (CBN), has cleared the backlog of foreign exchange owed foreign airlines in the country.
It concluded the payment of all verified claims by airlines with an additional $64.44 million to the concerned airlines.
The Acting Director of Corporate Communications at the CBN, Mrs. Hakama Sidi Ali, confirmed the figures on Tuesday.
She said that the latest amount paid to the airlines brought the total verified amount paid to that sector to $136.73 million.
She noted that all the verified airline claims had now been cleared
The Governor, Olayemi Cardoso, and his team, she said, were committed and would stop at nothing to ensure that the verified backlog of payments across all other sectors were cleared and confidence restored in the Nigerian foreign exchange market.
She also assured that the CBN was working with stakeholders to ensure liquidity improves within the forex market, thereby reducing pressure on the Naira.
She was optimistic that the market would respond positively with the latest injection of over $64 million.
Actors in the foreign exchange market, she said, should guard against speculation as such actions could hurt the Naira.
Sidi Ali, therefore, urged the public to support the reforms in the foreign exchange market, and that the CBN would continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange Market to ensure market forces determine exchange rates.