Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    GRAM Rises 6% as Bybit Listing Boosts Optimism, Access

    June 23, 2026

    DeXe Gains 60% as Traders Short on Bybit, Long on Binance

    June 23, 2026

    DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target

    June 22, 2026
    Facebook X (Twitter) Instagram
    Trending
    • GRAM Rises 6% as Bybit Listing Boosts Optimism, Access
    • DeXe Gains 60% as Traders Short on Bybit, Long on Binance
    • DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target
    • S&P 500 Declines as SpaceX, Alphabet, Meta Slide
    • Rates Top 20% as CBN Sells N2.7trn in OMO Bills to Investors
    • DeXe Price Climbs by 28% on Explosive Trading Volume
    • Naira Gains as Nigeria’s Foreign Reserves Top $51 Billion
    • GTCO, Zenith Bank Drive N1.52trn Gain in Nigerian Exchange
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, June 23
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Aviation » Nigeria to Release Foreign Airlines’ Trapped Funds

    Nigeria to Release Foreign Airlines’ Trapped Funds

    Olu AnisereBy Olu AnisereMarch 23, 2023Updated:March 23, 2023 Aviation No Comments1 Min Read
    Nigeria to Release Foreign Airlines' Trapped Funds
    Hadi Sirika, Aviation Minister
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Nigeria to Release Foreign Airlines’ Trapped Funds

    Nigeria aims to get all the money from foreign airlines’ ticket sales out of the country and it is already paying the airlines, albeit only in trickles, Aviation Minister Hadi Sirika said on Thursday.

    A number of foreign airlines that sold tickets in the local naira currency in Nigeria have been having trouble getting their funds out of the country due to dollar shortages.

    A spokesperson for the global airlines’ industry association IATA said last week that Nigeria was withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation.

    Sirika did not provide a timeline for releasing the trapped funds. He said Qatar Airlines had $201 million blocked while another $216 million was owed to IATA airlines, the minister told reporters in Abuja. #Nigeria to Release Foreign Airlines’ Trapped Funds

    CBN Devalues Naira 12.95% despite Rising Foreign Reserves

    Airlines
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Keep Reading

    Airline Operators React to Debt Claim by NCAA

    Airbus, FG Sign Agreement to Drive Nigerian Aerospace Growth

    Keyamo Directs Introduction of Hybrid Payment System at Airport Gates

    Tinubu Suspends Cashless Payment at Federal Airports

    Ibadan Airport to Begin Direct International Flights- Adekanmbi

    FCCPC Uncovers Price Fixing by Domestic Airlines

    Add A Comment

    Comments are closed.

    Editors Picks

    GRAM Rises 6% as Bybit Listing Boosts Optimism, Access

    June 23, 2026

    DeXe Gains 60% as Traders Short on Bybit, Long on Binance

    June 23, 2026

    DMO Hikes Rates on Bonds to Meet N1.2trn Borrowing Target

    June 22, 2026

    S&P 500 Declines as SpaceX, Alphabet, Meta Slide

    June 22, 2026

    Rates Top 20% as CBN Sells N2.7trn in OMO Bills to Investors

    June 22, 2026
    Latest Posts

    Airline Operators React to Debt Claim by NCAA

    May 25, 2026

    Airbus, FG Sign Agreement to Drive Nigerian Aerospace Growth

    May 5, 2026

    Keyamo Directs Introduction of Hybrid Payment System at Airport Gates

    March 11, 2026

    Tinubu Suspends Cashless Payment at Federal Airports

    March 4, 2026

    Ibadan Airport to Begin Direct International Flights- Adekanmbi

    February 28, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

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