The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to pay up the remaining $2.2bn forex forward backlogs owed investors.
The IMF is happy with the current monetary policy rate tightening, floating of the naira and discontinuation of unorthodox interventions adopted by former CBN Governor, Godwin Emefiele, according to the post financing assessment with Nigeria conducted by the Executive Board of the IMF.
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