Nigeria Still Owes Foreign Airlines $700+ Million

The Central Bank of Nigeria (CBN) has released an additional $64.4 million of blocked airline funds as part of its move to clear its foreign currency backlog and reduce liability to operators. However, about $700 million of airline funds remain trapped in the country as of January 2023.

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *