Tag: foreign airlines
Aviation Business Forex

CBN disburses $61.64 million to foreign airlines to clear forex backlog

The Central Bank of Nigeria (CBN) has announced the disbursement of $61.64 million to foreign airlines via various Deposit Money Banks (DMBs) as part of its commitment to clear the backlog of matured foreign exchange in DMBs. According to the Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, this disbursement aligns with the CBN’s dedication Read More…
Aviation Business Travel

High Fare Pandemic’ hits Nigeria as airlines move against NCAA, sell tickets in dollars

Fresh indications have emerged that the Federal Government is yet to release over 50 per cent or $265 million in foreign exchange for foreign airlines operating in the country to repatriate to their countries. Foreign airlines collect Naira for their tickets to customers and exchange same for foreign currencies for their operations. But recently they Read More…