Airline Trapped Fund
FG Clears $850m Debt To EU Airlines
The Federal Government has paid up the backlog of debts to European airlines to the tune of $850m. The European Union Ambassador to Nigeria and the ECOWAS, Samuela Isopi, revealed this at the 9th edition of the Nigeria – EU Business Forum in Abuja on Tuesday. She commended the government for its intervention in clearing […]
CBN disburses $61 million to settle foreign airlines’ trapped fund
The Central Bank of Nigeria said it has disbursed $61.64 million to foreign airlines through deposit money banks. According to a statement by its Acting Director, Corporate Communications, Hakama Sidi-Ali, in Abuja on Sunday, the disbursement is in fulfilment of CBN’s commitment to eliminate the backlog of pending mature foreign exchange in DMBs. Mrs Sidi-Ali […]