Ticket Revenue: CBN, Foreign Airlines Clash Over Unpaid $700m   The Central Bank of Nigeria (CBN) and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country. The CBN on Tuesday said it had ‘concluded the payment of all...

Airlines’ Trapped Funds: Pressure Mounts Despite CBN's $61m 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...

Nigeria Leads as Airlines’ Trapped Funds In Africa Hit $1.68bn - IATA   Foreign airlines’ trapped funds in Africa hit a record $1.68 billion by the end of September 2023 with Nigeria topping the list of debtors, the International Air Transport Association (IATA) has revealed. Other countries...

Trapped Funds: Foreign Airlines Plan Meeting With Fed Govt   The Switzerland-based global airline body, International Air Transport Association (IATA) on Sunday warned that rapidly rising levels of blocked funds were a threat to airline connectivity in Nigeria and some affected countries. IATA disclosed that the industry’s...

'Foreign Airlines Trapped Funds Will Be Remitted Soon' The Federal Government of Nigeria has taken a major step towards resolving the issue of trapped funds belonging to foreign airlines operating in the country. The President of the National Association of Travel Agents of Nigeria (NANTA) Susan...

CBN Must Act Now To $450m Trapped Funds - FG The National Association of Nigeria Travel Agencies, NANTA, has called on the Federal Government and the Central Bank of Nigeria, CBN to intervene in releasing the trapped funds of foreign airlines operating in Nigeria which...