{"id":108970,"date":"2024-01-30T22:00:12","date_gmt":"2024-01-30T21:00:12","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall"},"modified":"2024-01-31T00:15:41","modified_gmt":"2024-01-30T23:15:41","slug":"cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall","title":{"rendered":"CBN clears payment of forex backlog for foreign airlines amid Naira free fall"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Amid the free fall of the Naira, the Central Bank of Nigeria, CBN, says it has concluded the payment of all verified forex backlog owed foreign airlines with the release of an additional $64.44 million.<\/p>\n

Hakama Sidi-Ali, CBN\u2019s acting director of corporate communications, disclosed this on Tuesday.<\/p>\n

Sidi-Ali said the latest amount paid to the airlines brought the total verified sum disbursed to the sector to $136.73 million.<\/p>\n

DAILY POST recalls that the apex bank released $500 million to clear the forex backlog.<\/p>\n

The development comes barely a week after the banker\u2019s bank injected approximately $2 billion to settle outstanding commitments across the manufacturing, aviation, and petroleum sectors.<\/p>\n

In December last year, the International Air Transport Association threatened to expel Nigeria over the $790 million trapped fund.<\/p>\n

Meanwhile, despite the forex release, the country\u2019s Naira had continued to experience a free fall against the US dollar, reaching a historic low of N1,348.63 at the official market and N1,450 at the parallel market.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Amid the free fall of the Naira, the Central Bank of Nigeria, CBN, says it has concluded the payment of all verified forex backlog owed foreign airlines with the release of an additional $64.44 million. Hakama Sidi-Ali, CBN\u2019s acting director of corporate communications, disclosed this on Tuesday. Sidi-Ali said the latest amount […]<\/p>\n","protected":false},"author":84,"featured_media":108969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,254],"class_list":["post-108970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-nigeria"],"yoast_head":"\nCBN clears payment of forex backlog for foreign airlines amid Naira free fall - Nigeria<\/title>\n<meta name=\"description\" content=\"Amid the free fall of the Naira, the Central Bank of Nigeria, CBN, says it has concluded the payment of all verified for ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN clears payment of forex backlog for foreign airlines amid Naira free fall\" \/>\n<meta property=\"og:description\" content=\"Amid the free fall of the Naira, the Central Bank of Nigeria, CBN, says it has concluded the payment of all verified for ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-30T21:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T23:15:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1706640102.418152.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CBN clears payment of forex backlog for foreign airlines amid Naira free fall\",\"datePublished\":\"2024-01-30T21:00:12+00:00\",\"dateModified\":\"2024-01-30T23:15:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall\"},\"wordCount\":185,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/01\/sm_1706640102.418152.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-clears-payment-of-forex-backlog-for-foreign-airlines-amid-naira-free-fall\",\"name\":\"CBN clears payment of forex backlog for foreign airlines amid Naira free fall - 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