Nigeria: Block of Foreign Airlines' Funds Inexcusable

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Nigeria: Block of Foreign Airlines' Funds Inexcusable

[Vanguard] The Central Bank of Nigeria, CBN's, recent remit of $265 million to about 20 or so foreign airlines operating in the country is a step in the right direction. The Federal Government had defaulted in her obligation to provide the dollar cover for about $600 million worth of ticket sales in naira for remission to these airlines through the International Air Transport Association, IATA.

Source: allAfrica.com

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