NewStats: 3,264,216 , 8,182,995 topics. Date: Tuesday, 10 June 2025 at 08:15 AM 5va64

The Central Bank of Nigeria (CBN) says it has concluded the payment of all verified foreign exchange (FX) claims by airlines with an additional $64.44 million to the concerned foreign aviation firms.

Hakama Sidi-Ali, CBN’s acting director of corporate communications, disclosed this on Tuesday.

Sidi-Ali said the latest amount paid to the airlines brought the total verified sum disbursed to the sector to $136.73 million, stressing that all the verified airline claims have now been cleared.

According to Sidi-Ali, Olayemi Cardoso, the CBN governor, and his team are committed and would stop at nothing to ensure that the verified backlog of payments across all other sectors are cleared and confidence restored in the Nigerian FX market.

She also assured that the CBN is working with stakeholders to ensure liquidity improves within the forex market, thereby reducing pressure on the naira — Nigeria’s local currency.

While expressing optimism that the market would respond positively with the latest injection of over $64 million, she onished actors in the FX market to guard against speculation as such actions could hurt the naira.

Siri-Ali, therefore, urged the public to the reforms in the FX market, adding that the CBN would continue to promote orderliness and professional conduct by all participants in the to ensure market forces determine exchange rates.

https://www.thecable.ng/just-in-cbn-concludes-payment-of-all-verified-fx-claims-by-foreign-airlines/amp

Good news

This is the least of our problems as things stand.

They should do something practical about our dwindling purchasing power and naira devaluation.

A welcome development.

This I have seen.

Gradually things will be better....

We shall get out of this dark clouds soon...
Amin🙏

Dollar is 1500

Well that's good.

Someone made a post about the exchange rate but it's not on FP.

Ibrahimcoomasie:
Our problem with debt is connected with our subsidy spending and issues with FX liquidity. The decision to liberalize the FX market is a step in the right direction, Nigeria cannot afford to defend the Naira like we have done in the past. We should see the stability of the Naira by the middle of the year.

Patience is needed as the naira find it's level.

- Sam Abu, Country Senior Partner, PwC Nigeria,


https://www.youtube.com/watch?v=wIoV6gKH1GA?si=CxbeQbD-cOsnJOiA

Is this Financial Analyst from PwC making any sense?

Will that bring dollar price down?

Anything to help our dying Economy is a welcome development

You have cleared for now. Wait till December you will need to clear again

Madeade:
Gradually things will be better....

We shall get out of this dark clouds soon...
Amin🙏

Gradually?

But the Ministers and Senators are not buy their SUVs or collecting their allowances gradually.

Na only were common man dey, una know "gradually"

last year ,when the renewed thief grabbed it and was running with it,I said dollar will be 1500 by June 2024.not knowing my prediction was too far so by June this year we may expect it at 1800 then by December 2500

When will bag of rice be N8k?

Government of propaganda...Clowns

Hm

Those enemy of progress the genetically confused gangsters called obidients won't see all these now infact they won't come here but let the news of a cow hit a man in the market and the man injured comes up then they will be here like pooh flies saying Nigeria is zoo, sell Nigeria, Nigeria is dead, the Fed govt is the worst blabla blublu shit.

Thanks to the CBN keep job floating...

👩🏽‍🦯👩🏽‍🦯👩🏽‍🦯👩🏽‍🦯

I pity ppl that voted to tinibu and are earning below 200k

Please how do you survive ? This country is getting worse everyday

matify83:
This is the least of our problems as things stand.

They should do something practical about our dwindling purchasing power and naira devaluation.

These actions are geared towards fixing the problems you listed sir. Don’t be an ignorant sir!

$1 will now be #150

So basically they've done their job. Do they need a round of applause?

Ok

Ironbull:
Those enemy of progress the genetically confused gangsters called obidients won't see all these now infact they won't come here but let the news of a cow hit a man in the market and the man injured comes up then they will be here like pooh flies saying Nigeria is zoo, sell Nigeria, Nigeria is dead, the Fed govt is the worst blabla blublu shit.

Thanks to the CBN keep job floating...

People like you that are ignorant are tools in wayo wayo government. Do you even understand the topic?

matify83:
This is the least of our problems as things stand.

They should do something practical about our dwindling purchasing power and naira devaluation.

Most of you are even ignorance of anything Economics at all, pls what is causing dwindling purchasing power?

Despite these, why is the Naira getting weaker?

Something not adding up

Rubbish. Why one is verified and non verified airline forex?. You better pay airlines all their money so that flight ticket price will drop

Uhhm