The Central Bank of Nigeria has announced that it has concluded payment of all verified claims by airlines with an additional $64.44m to the concerned airlines.
The Acting Director of Corporate Communications at the CBN, Mrs. Hakama Sidi Ali, confirmed this in a statement on Tuesday.
According to the statement, the latest amount paid to the airlines brought the total verified amount paid to that sector to $136.73m. She added that all the verified airline claims had now been cleared.
The statement reads, “The Governor, Olayemi Cardoso, and his team were doubly committed and would stop at nothing to ensure that the verified backlog of payments across all other sectors was cleared and confidence was restored in the Nigerian foreign exchange market”.
The apex bank assured that it was working with stakeholders to ensure liquidity improves within the forex market, thereby reducing pressure on the Naira.
“While expressing optimism that the market would respond positively with the latest injection of over $64m, she admonished actors in the foreign exchange market to guard against speculation as such actions could hurt the Naira.
The apex bank urged the public to support the reforms in the foreign exchange market, adding 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.
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