CBN Clears $831M of Foreign Airlines’ Trapped Funds, Says IATA

The International Air Transport Association (IATA) has confirmed that the Central Bank of Nigeria (CBN) has successfully released $831 million of foreign airlines’ trapped funds from June of last year to date. The Geneva-based IATA reported that this development has reduced the total amount of trapped international airlines’ funds globally to approximately $1.8 billion. From … Continue reading CBN Clears $831M of Foreign Airlines’ Trapped Funds, Says IATA