The Central Bank of Nigeria (CBN) has disbursed $61.64 million to foreign airlines through various banks. The CBN disbursed $61.64 million to foreign airlines through various banks. This brings the total backlog of forex cleared in the last three months to $2 billion, according to a New Telegraph report. It stated that if the situation was not quickly resolved, it could lead to foreign airlines exiting the country. Air Peace, Azman Air, Max Air, United Nigeria Airlines, and others have raised concerns over the unpaid funds.

Source: Ethiopian News January 07, 2024 23:30 UTC