Letters Of Credit: Forex Crisis Cuts Payment By 33.3% To $873.07m

Share Export declines by 12.7% to $22.59bn on naira depreciation Payments through Letters of Credit (LC) amounted to $1.03 billion between January 2024 and February 2025, the Central Bank of Nigeria’s (CBN) latest data on international payments has shown. An analysis of the apex bank’s data indicates that LC payments gulped $873.07 million last year,...The post Letters Of Credit: Forex Crisis Cuts Payment By 33.3% To $873.07m appeared first on New Telegraph.

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