Indications have emerged that the Central Bank of Nigeria (CBN) is set to release another batch of $150 million as part of the remaining trapped funds of the foreign carriers operating in Nigeria.
This is coming barely two months after the apex bank released $265million of the $600million funds belonging to the foreign airlines which got trapped in Nigeria due to forex crisis.
CBN Governor Emefiele had on Monday hinted that the bank will release another $150 million of trapped funds owed to international airlines operating in the country.
According to information gathered, Emefiele in a meeting held with the carriers at the weekend hinted them that the bank was working to release another $150 million.
A source disclosed to Nigerian Tribune said: “In a meeting we held with the CBN Governor, he hinted that the apex bank would release soon another $150 million to the airline. This is heart-warming.”
The release of the additional $150 million will make it $465million already paid with less than $200 million left to be paid of the outstanding debt beside the fresh amount that started accumulating from August 2022.
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