Hakama Ali

CBN clears verified fx claims by foreign airlines

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The Central Bank of Nigeria (CBN) on Tuesday said it has completed the payment of all verified claims owed to foreign airlines by injecting an additional $64.44 million into the sector. The bank said the latest payment brings the total amount disbursed to the aviation sector to $136.7 million. The bank had on 8 January … Read more

CBN clears $2bn FX backlog across sectors

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The Central Bank of Nigeria has undertaken a significant move to eliminate outstanding foreign exchange liabilities by disbursing approximately $2 billion across pivotal sectors. The key sectors include manufacturing, aviation, and petroleum, a statement said Wednesday. This intervention encompasses the complete clearance of liabilities for 14 banks and the initiation of settlements with foreign airlines. … Read more