Who Gets What? Breakdown of CBN’s $265m To Airlines

$265m released for Outstanding Ticket Sales – CBN In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria CBN has released the sum of 265 million dollars to airlines operating in the country, to settle outstanding ticket sales. A breakdown of the figure indicates that the sum of 230 million dollars was released as special Foreign exchange intervention while another sum of 35 million dollars was released through retail S.M.I.S auction. READ ALSO We Are Quitting Nigeria Sept 1 and Here is The…

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