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Foreign airlines challenge CBN to show evidence of FX backlog clearance

The claims by the Central Bank of Nigeria (CBN) that it has successfully cleared all outstanding foreign exchange (FX) backlogs have been disputed by...

CBN Clears $136.73m Foreign Airline Backlogs

The Central Bank of Nigeria (CBN) has confirmed that it has cleared the backlog of foreign exchange owed foreign airlines in the country by...

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...

Foreign airlines bemoan trapped $700m as CBN moves to clear remaining backlog

Foreign airlines have disclosed that about 90 per cent of their $783m remains trapped in the country as the Central Bank of Nigeria (CBN)...

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