CBN intervention saves Nigeria $5bn loss to foreign airlines exit

By AYOOLA OLAOLUWA Nigeria’s aviation industry and allied sectors like the hospitality and tourism sectors are facing imminent collapse as more foreign carriers are preparing to withdraw services over lingering challenge in repatriating their funds. Although the Central Bank of Nigeria, CBN, at the weekend released $365 million to them, which is only about half … Continue reading CBN intervention saves Nigeria $5bn loss to foreign airlines exit