CBN

‘CBN’s lack of monitoring emboldens foreign carriers to sell tickets in dollars’

Posted on by Wole Shadare
‘CBN’s lack of monitoring emboldens foreign carriers to sell tickets in dollars’

Nigerians divided over dollar tickets as Naira stabilises Cross-border trading, crime against economy-NANTA President   Foreign airlines have returned to their old ways as passengers are groaning over the insistence by some airlines to charge ticket fees in dollars rather than in the local currency, the naira. It is the long-standing policy of the Central Bank of Nigeria (CBN) that the naira is the legal tender in Nigeria, making it illegal to refuse it for…

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

Posted on by Wole Shadare
NANTA: Trapped fund resolution will stabilise fare pricing in Nigeria, lauds Tinubu, CBN

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…

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Apprehension as CBN begins airlines’ trapped fund disbursement

Posted on by Wole Shadare
Apprehension as CBN begins airlines’ trapped fund disbursement

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…

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