Reps Investigate Invalidation of $2.4bn Forward Contracts by CBN
summon Cardoso, manufacturers The House of Representatives has mandated its Committee on Small and Medium Size Enterprises (SMEs) to holistically investigate the cancellation of $2.4 billion worth of forward contracts sold to manufacturers by the Central Bank of Nigeria, CBN. Recently, CBN announced the invalidation of approximately $2.4 billion worth of forward contracts sold to…