Nigeria: Airlines’ Trapped Funds – Pressure Mounts Despite U.S.$61 Million Release
[ad_1] Lagos — There's a mounting pressure on the federal government to make significant releases to clear the foreign airlines' trapped funds amidst their threat to exit Nigeria. This is despite the release of $61.4m by the Central Bank of Nigeria (CBN) last week as part of efforts to clear outstanding liabilities and bolster the foreign exchange market. While there's no updated data on the foreign airlines' funds trapped in Nigeria, our correspondent reports that the money was $793m as […]