CBN pays $61.6m in forex backlog to foreign airlines

The Central Bank of Nigeria (CBN) has released $61.6 million to foreign airlines through various Deposit Money Banks (DMBs).

The CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, who disclosed this in a statement on Sunday in Abuja, said the disbursement was a fulfilment of the apex bank’s promise to settle the backlog of pending matured foreign exchange in DMBs.

She said the CBN had in the last three months settled outstanding liabilities of close to $2 billion.

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