CBN Archives - Aviation metric

NANTA: Trapped fund resolution will stabilise fare pricing in Nigeria, lauds Tinubu, CBN

Posted on June 6, 2024 by Wole Shadare

The National Association of Nigeria Travel Agencies (NANTA) said the decision by the Central Bank of Nigeria (CBN) and indeed that of the Federal Government to release foreign airlines’ trapped funds has helped to remove stains on the image of Nigeria, just as it praised the government and other relevant agencies for the speedy resolution of the matter. President of NANTA, Yinka Folami who disclosed on Thursday in Lagos said his association whose members and…

Apprehension as CBN begins airlines’ trapped fund disbursement

Posted on November 2, 2023 by Wole Shadare

Carriers yet to get trapped funds at I&E Window Foreign airlines heaved a sigh of relief following the decision of the Central Bank of Nigeria (CBN) to clear outstanding matured FX forwards in banks. Many of the foreign airlines said they were unaware of how much of the money owed them that the apex Bank would be releasing to the carriers just as many of the airlines had been contacted but yet to…