Trapped funds: cenbank will release $120 million to foreign airlines by Oct 31, says Emefiele | TheCable
), says $120 million will be released to international airlines to offset part of their funds trapped in the country.
“Everyone is calling on CBN to release blocked funds, and I am doing everything I can to provide dollars for you to repatriate your money,” he said.“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.
“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,” he said.
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