Friday, July 18, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

CBN releases $265m to Airlines To Settle Outstanding Ticket Sales

EconomyFoot Print by EconomyFoot Print
August 26, 2022
in Finance | Insurance | Pension, Opinion, Top News
Reading Time: 1 min read
0
Share on FacebookShare on Twitter

Related posts

Troops Arrest IPOB Logistics Suppliers,Intercepted Ammunition Laden Truck

Defence HQ Refutes Claim Of New Terror Group Troops

July 17, 2025

Access Holdings Reaffirms Strategic Growth Plan from Expansion to Optimisation

July 16, 2025

The Central Bank of Nigeria (CBN) on Friday, released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales.

A breakdown of the figure indicates that the sum of $230 million was released as special FX intervention while another sum of $35 million was released through Retail SMIS auction, a document from the CBN show..

About $450 million has been held in backlog on ticket sales to international airlines they couldn’t repatriate.

Confirming the release, the Director, Corporate Communications Department at the CBN, Mr. Osita Nwanisobi said the Governor, Godwin Emefiele and his team were concerned about the development and what it portends for the sector and travelers as well as the country in the comity of nations.

Mr. Nwanisobi retiterated that the Bank was not against any company repatriating its funds from the country, adding that what the Bank stood for was an orderly exit for those that might be interested in doing so.

With Friday’s release, it is expected that operators and travelers as well will heave huge sighs of relief, as some airlines had threatened to withdraw their services in the face of unremitted funds for outstanding sale of tickets.

Previous Post

FG approves N718m to safeguard Abuja Light Rail against criminals

Next Post

PDP crises: No truce yet – Ortom

Next Post

PDP crises: No truce yet - Ortom

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Access Bank Highlights Leadership at Climate Governance Initiative Launch

2 weeks ago

Respite for Lake Chad as FG assures it Won’t Go Extinct

1 year ago

Tinubu Signs N2.1trn Supplementary Budget

2 years ago

Food Importation:  Group Flays Decision, Tasks FG On Food Production

1 year ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • Recognition for Excellence: NCS Spokesperson Makes 2025 PR Power List
  • Aniocha North Chairman Marks One Year in Office, Inaugurates New Comrade Collins Ogwugwua NULGE Event Centre
  • Dumebi Kachikwu Condemns Attempted Takeover of ADC, Says Party Is Not for Sale

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

Recognition for Excellence: NCS Spokesperson Makes 2025 PR Power List

Recognition for Excellence: NCS Spokesperson Makes 2025 PR Power List

July 18, 2025
Aniocha North Chairman Marks One Year in Office, Inaugurates New Comrade Collins Ogwugwua NULGE Event Centre

Aniocha North Chairman Marks One Year in Office, Inaugurates New Comrade Collins Ogwugwua NULGE Event Centre

July 18, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion