CBN: Letters Of Credit Payments Fall 52.5% To $506.06m

Payments through Letters of Credit (LCs) amounted to $506.06 million in the first nine months of this year, the Central Bank of Nigeria’s (CBN) latest data on international payments has shown. The amount is $560.21 million or 52.54 per cent lower than the $1.07 billion that went into settling LCs in the corresponding period of…

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