Nigeria resolves 98% of $850 million FX backlog owed to international airlines, signaling progress amid FX market instability.
Nigeria has made significant progress in addressing its foreign exchange (FX) backlog owed to international airline operators, settling 98% of the $850 million owed...
The International Air Transport Association on Tuesday said Nigeria has repatriated the $600 million, belonging to international airlines that was trapped in the country due to foreign exchange shortages.
The Director-General of IATA, Mr Alexandre de Juniac, on its website gave the credence at...
federal government
iata
international air transport association
mr. alexandre de juniac
nigeria business news
nigeria news today 050618
punch newspapers
The International Air Transport Association (IATA) has called on countries with tight currency exchange rate controls (countries like Nigeria) to release $5 billion worth of local ticket sales revenues owed to foreign airlines, or risk losing their services.
The association said airline...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.