{"id":98661,"date":"2022-08-27T10:47:16","date_gmt":"2022-08-27T09:47:16","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=98661"},"modified":"2022-08-27T10:47:16","modified_gmt":"2022-08-27T09:47:16","slug":"aviation-sector-crisis-cbn-releases-265m-to-airlines","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/other-news\/aviation-sector-crisis-cbn-releases-265m-to-airlines\/","title":{"rendered":"Aviation Sector Crisis: CBN Releases $265m To Airlines"},"content":{"rendered":"<div id=\"m#msg-f:1742302486339045336\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">The Central Bank of Nigeria (CBN) on Friday released $265 million to airlines operating in the country, to settle outstanding ticket sales.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The apex bank said the release is a move to check a brewing crisis in the country\u2019s aviation sector,<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">A statement issued by\u00a0 Director, Corporate Communications Department at the CBN, Mr. Osita Nwanisobi,\u00a0 said a breakdown of the figure indicates that the sum of $230\u00a0 million was released as special FX intervention while another sum of $35 million was released through Retail SMIS auction.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The statement said the CBN 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.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">It reiterated 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.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Recall that some foreign airlines operating in Nigeria had threatened to withdraw their services in the face of unremitted funds for outstanding sales of tickets<\/div>\n<div id=\"m_1191366704236045789ymail_android_signature\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) on Friday released $265 million to airlines operating in the country, to settle outstanding ticket sales. The apex bank said the release is a&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":93230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-98661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aviation Sector Crisis: CBN Releases $265m To Airlines - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/other-news\/aviation-sector-crisis-cbn-releases-265m-to-airlines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aviation Sector Crisis: CBN Releases $265m To Airlines - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria (CBN) on Friday released $265 million to airlines operating in the country, to settle outstanding ticket sales. 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