Author: Wole Shadare

CBN settles others on new Forex window     The crisis caused by the inability of foreign airlines to repatriate their funds which ran into over $700 million is yet to end. While some airlines have collected their funds that were trapped, others are yet to do so because of their insistence on accessing their fund at a lower Forex rate of between N450 and N470 to a dollar. A European airline official and his…

January to April 2023 still outstanding CBN’s Forex window to airlines stems fund accumulation   Some top officials of foreign airlines operating to Nigeria have disclosed that the Central Bank of Nigeria (CBN) has defrayed much of the $700 million in airlines’ funds trapped in the country. The duo officials who spoke to Aviation Metric under the condition of anonymity said the CBN had paid from January 2022 to December last year, stressing that only…

The Aviacargo roadmap committee at its first meeting with the Managing Director of the Federal Airports Authority of Nigeria (FAAN) Kabir Mohammed presented its 4th monthly report of the committee. The last three monthly reports were received by the former CEO Capt Rabiu Yadudu. Mr. Ikechi Uko presented the report and briefed the MD/CE and the new Director of Commercial and Business Development Muyiwa Femi-Pearse on the activities of the committee and the tasks remaining…