Foreign Airlines Estimates Trapped Funds In Nigeria To $812m

The Central Bank of Nigeria’s (CBN) capital restriction mechanism is making it harder and harder for international airlines to get their money back. IATA, the international air transport association, reports that the total amount of frozen cash has increased to $812.2 million. IATA reports that from $1.55 billion in April 2022 to $2.27 billion in … Continue reading Foreign Airlines Estimates Trapped Funds In Nigeria To $812m