As part of its efforts over the last three months to redeem outstanding forward liabilities to foreign airlines, the Central Bank of Nigeria (CBN) has disbursed about $61.64 million to the airlines through various banks.
Acting Director, Corporate Communications Department of the bank, Hakama Sidi Ali, on Sunday, said the forex settlement brings to $2 billion the total backlog cleared in three months.
Mrs Ali said the bank’s action underscores its commitment to the resolution of pending obligations while alleviating the current pressure on the country’s foreign exchange and the Naira.
