The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date. The Geneva, Switzerland-based IATA said the development had brought international airlines’ trapped funds globally to about $1.8bn. According to IATA, from the peak of about $850m foreign airlines’ funds in Nigeria last June, only $19m is left outstanding. The association representing international airlines said the remaining $19m was awaiting the CBN verification through commercial banks. READ ALSO: Minimum Wage: AGF Tackles Labour As…
Read MoreCBN Clears $831m Foreign Airlines’ Trapped Funds – IATA
