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$700million airlines’ funds with commercial banks, FG clears backlogs
IATA welcomes govt’s action The International Air Transport Association (IATA) said it welcomed the Central Bank of Nigeria’s (CBN) announcement of the release of an additional $64.44 million in blocked airline funds. IATA in a statement made available to Aviation Metric said it was consulting with its airline members to verify the release of their revenues. It noted that while it was encouraging, it stated that it is crucial to recognize that approximately $700 million remains…
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