Tag: trapped funds

According to a report, foreign airlines operating in Nigeria generated approximately $1.1 billion in revenue in 2022, despite facing foreign ...

The amount of revenue blocked by the Nigerian government from repatriation by foreign airlines has increased to $743 million, up ...

The CBN had also intervened by releasing $265 million to clear part of the forex backlog.

The $464 million reportedly held by the CBN is the largest amount being withheld by any African country, and in ...

As at March, 2022, the total funds was $289m, but three months after, they increased to $450m amid pressure from ...