Podium ReportersPodium Reporters
  • Home
  • News
  • Economy
    • Global
    • Nigerian
  • Education
  • Politics
    • Asia
    • Africa
    • Europe
    • Finance
    • Nigeria
    • US & Canada
    • World
  • Science
    • Health
  • Lifestyle
    • Entertainment
      • Comedy
      • Ent & Arts
      • Film & Drama
      • Music
      • videos
    • Homes
    • Luxury
    • Media & Culture
  • Sports
  • Others
    • About us
    • Get In Touch
Facebook X (Twitter) Instagram
Trending
  • Hon Tunji Ojo: A Beacon of Visionary Leadership in Public Service
  • The Chronicles of Atiku Abubakar’s Fishing Expedition to the Chicago Desert
  • Peter Obi and Atiku Abubakar did not meet the Constitutional two-thirds spread – Oseloka Obaze
  • President Bola Ahmed Tinubu’s Endorsement of a Temporary Wage Increase for Federal Government Employees
  • Senator Akpabio Salutes Nigeria At 63
  • Nigeria’s Independence Day: Celebrating 63 Years of Sovereignty
  • One Nation, One Identity: The Future of Harmonized Data in Nigeria
  • Tribunal did not declare Kaduna governorship election inconclusive, it affirmed Uba Sani as Governor
Facebook X (Twitter) Instagram
Wednesday, October 4
Podium ReportersPodium Reporters
Demo
  • Home
  • News
  • Economy
    • Global
    • Nigerian
  • Education
  • Politics
    1. Asia
    2. Africa
    3. Europe
    4. Finance
    5. Nigeria
    6. US & Canada
    7. World
    8. View All

    Aregbesola Champions Easier Path to Naturalisation, Announces Brown Card For Permanent Residency 

    28 May 2023

    FIRST INAUGURAL ADDRESS BY PRESIDENT BOLA AHMED TINUBU

    29 May 2023

    The ARC-P: Everything you need to know.

    28 April 2023

    ISWAP KINGPINS ALI KWAYA, BUKAR MAINOKA AND OTHERS NEUTRALIZED IN NAF AIR STRIKES AT BELOWA NEAR LAKE CHAD

    7 November 2022

    End of the road for Odinga as Supreme Court affirms Ruto’s victory

    5 September 2022

    Breaking: Queen Elizabeth II is dead

    8 September 2022

    Tinubu approves CBN’s plan to address forex market volatility

    14 August 2023

    Naira redesign to have positive impact on the economy – Experts

    27 October 2022

    FG will stop paying petrol subsidy June 2023 – Minister

    22 August 2022

    Hon Tunji Ojo: A Beacon of Visionary Leadership in Public Service

    4 October 2023

    President Bola Ahmed Tinubu’s Endorsement of a Temporary Wage Increase for Federal Government Employees

    1 October 2023

    Senator Akpabio Salutes Nigeria At 63

    1 October 2023

    Rumored impeachment of Akpabio is a facade at best – Hon Eseme

    27 September 2023

    Ogun Amotekun arrest man with bloodstained pants

    13 October 2022

    BREAKING NEWS: Wagner Boss Yevgeny Prigozhin Feared Dead in a Plane Crash North of Moscow

    23 August 2023

    UNGA77: I’ll leave behind credible election in 2023 – Buhari 

    22 September 2022

    Buhari pays tribute to Queen Elizabeth II

    9 September 2022

    Hon Tunji Ojo: A Beacon of Visionary Leadership in Public Service

    4 October 2023

    The Chronicles of Atiku Abubakar’s Fishing Expedition to the Chicago Desert

    3 October 2023

    Peter Obi and Atiku Abubakar did not meet the Constitutional two-thirds spread – Oseloka Obaze

    2 October 2023

    President Bola Ahmed Tinubu’s Endorsement of a Temporary Wage Increase for Federal Government Employees

    1 October 2023
  • Science
    1. Health
    2. View All

    Kogi Reference Hospital: Yahaya Bello’s Pure Genius

    28 April 2022

    Kwara hosts 22 APC States’ meeting on improving healthcare access

    26 August 2021

    Distinction: Sanwo-Olu Gets A+ Rating In Covid-19, Security, Infrastructure – Report

    10 August 2021

    Governor Babajide Sanwo-Olu’s Coronavirus Press Statement

    11 July 2021

    One Nation, One Identity: The Future of Harmonized Data in Nigeria

    28 September 2023

    FG to establish MSME tech hubs in seven states to empower one million youths  

    6 August 2023

    Tinubu’s nomination of CCHub’s Tijani sparks excitement in Nigeria’s tech ecosystem

    3 August 2023

    FACT CHECK: Video of Elon Musk endorsing Obi fake, part of dangerous disinformation campaign

    31 August 2022
  • Lifestyle
    1. Entertainment
    2. Comedy
    3. Ent & Arts
    4. Film & Drama
    5. Music
    6. videos
    7. Homes
    8. Luxury
    9. Media & Culture
    10. View All

    UAE Visa ban on Nigerians lifted after President Tinubu’s intervention

    11 September 2023

    Understanding the Emotional Tapestry: A Path to a Prosperous Nigeria Under President Tinubu by Gbenga Olorunpomi.

    7 September 2023

    Artificial Intelligence in deepening your Business branding: Tomorrow’s Business is now

    14 August 2023

    Tiktoker bags three-year jail term for cyberstalking, defaming Eniola Badmus

    2 August 2023

    Photos: Banky W, Adesua finally reveal son

    17 September 2022

    Renewed Hope Concert puts Nigeria in celebratory mood as excited youths look forward to Tinubu’s swearing-in

    26 May 2023

    SSANU, NASU call off strike after meeting with FG

    20 August 2022

    Sanwo-Olu Inspects 1,188-unit Sangotedo Housing Project, Sets Deadlines for Commissioning

    17 September 2021

    Did you know? – Perfumery edition

    10 August 2022

    Do You Know Who Wore the First Lipstick?

    10 August 2022

    ‘Nothing can shake Tinubu’s presidency’, Youths in high hopes after thrilling ‘Renewed Hope’ concert

    26 May 2023

    Nigerian chef, Hilda Baci breaks Guinness World Record for ‘longest cooking time’

    15 May 2023

    ‘Gangs of Lagos’, mockery, misrepresentation of our heritage — Lagos govt fumes 

    13 April 2023

    Nigeria’s database increased by 150% in three years, Pantami recounts success of NIM

    17 September 2022

    Exposed: Real Reasons Some Senators Are Plotting Akpabio’s Ouster.

    18 September 2023

    UAE Visa ban on Nigerians lifted after President Tinubu’s intervention

    11 September 2023

    Understanding the Emotional Tapestry: A Path to a Prosperous Nigeria Under President Tinubu by Gbenga Olorunpomi.

    7 September 2023

    Navigating Challenges, Inspiring Change: The Strategy Behind Ahmed Usman-Ododo’s Kogi State Guber Ambition

    4 September 2023
  • Sports
  • Others
    • About us
    • Get In Touch
Podium ReportersPodium Reporters
Home » News » Trapped Funds: CBN to release $120 million to foreign airlines October 31st — Emefiele
Economy

Trapped Funds: CBN to release $120 million to foreign airlines October 31st — Emefiele

By Victor Fola25 October 2022No Comments3 Views2 Mins Read
Facebook Twitter LinkedIn WhatsApp Reddit Email
Share
Facebook Twitter LinkedIn Email Reddit WhatsApp

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed that the bank will release $120 million to settle the trapped funds of international airlines operating in the country.

The CBN Governor revealed this on Monday during a meeting between the leadership of the House of Representatives, International Air Transportation Association, Airlines Operators of Nigeria and the Minister of Aviation, Hadi Sirika.

The CBN governor relayed that the bank had in August resolved to release $265 million to the airlines; $110 million on the spot and the rest in 60 days.

Emiefele added that the remaining money will be released on 31 October.

He accused some countries like the United Arab Emirates of threatening Nigeria with visa ban and suspension of flight operations.

“We used our discretion to allocate $265 million to the foreign airlines, broken down into spot and forward. We did $110 million on the spot and the rest in 60 days forward.

“On that day, we allocated to IATA; $32 million through UBA. Qatar Airways; $22.8 million through Standard Chartered, Emirates; $19.6 million through Access Bank, British Airway; $5.5 million through GTB, Virgin Atlantic; $4.8 million through Zenith and others.

“How then can they go about and begin to say that they have not received money? This is an extra allocation. This is something I have told you (foreign airlines) that we will continue to do, so that you will not blackmail the country. $120 million will be due on the 31 of October,” he said.

Emiefele added that “I can print Naira, even though I have been accused of printing Naira but I cannot print dollar. We have to either earn it or borrow it.”

Share. Facebook Twitter Pinterest LinkedIn Telegram Email WhatsApp

Related Posts

03 Views

Hon Tunji Ojo: A Beacon of Visionary Leadership in Public Service

4 October 20233 Mins Read
018 Views

President Bola Ahmed Tinubu’s Endorsement of a Temporary Wage Increase for Federal Government Employees

1 October 20233 Mins Read
010 Views

One Nation, One Identity: The Future of Harmonized Data in Nigeria

28 September 20233 Mins Read
Add A Comment

Leave A Reply Cancel Reply

© 2023 The Podium Reporters. Designed by Marvelworx Limited.
  • Home
  • Economy
  • Education
  • Lifestyle
  • Politics
  • Science
  • Sports

Type above and press Enter to search. Press Esc to cancel.