* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Forex Crisis: In Six Months, Foreign Airlines Repatriate N795.5bn From Nigeria

January 19, 2024
in Business
Forex Crisis: In Six Months, Foreign Airlines Repatriate N795.5bn From Nigeria
Share on FacebookShare on Twitter

Foreign AirlinesForeign Airlines

FIRS

Foreign airlines repatriated N795.5 billion from Nigeria in six months, according to data from the Central Bank of Nigeria.

Data from Nigeria’s apex bank Balance of Payment compilation disclosed that airlines withdrew $1.76 billion (converted with N451 per US dollar) in the first and second quarters 2023.

The data also showed that the Total Credit to the Balance of Payment account from airline travel was $19.39 million (N8.75bn).

The amount on the debit side of the balance of payments includes how much was spent on tickets by passengers (N779.61 billion), cargo (N10.22 billion), and others (N5.65 billion).

Despite the development, foreign airlines have renewed threats to exit Nigeria if their trapped funds are not released.

In November 2023, foreign airlines lamented that about 90 per cent of their $783 million trapped funds had not been paid.

The Association of Foreign Airlines and Representatives Chairman, Mr Kingsley Nwokeoma, stated this during a stakeholders’ forum with the Minister of Aviation and Aerospace Development, Festus Keyamo.

Last December, the International Air Transport Association disclosed that $790 million in ticket revenue is currently trapped in the country.

According to the IATA Regional Vice President, Africa & Middle East, Kamil Alawadhi, Nigeria has the highest number of airlines’ blocked funds at $792 million, followed by Egypt ($348m); Algeria ($199m); AFI zone ($183m) and Ethiopia $128m.

Meanwhile, CBN said it has romped up efforts to clear the forex backlog to foreign airlines and other sectors.

CBN Acting Director of Communication, Sidi Ali, in a statement, said the bank “paid approximately $2 billion across various sectors, including manufacturing, aviation, and petroleum”.

She noted that $61.64 million of the $2 billion forex backlog went to foreign airlines.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : EconomicConfidential – https://economicconfidential.com/2024/01/forex-crisis-six-months/

Tags: businesscrisisforex
Previous Post

Maintenance: Three States to Experience Two-day Blackout – TCN

Next Post

 CBN Won’t be Allowed to Print Money – Budget Minister

Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

July 28, 2025
Max Eisenbud Named Head of Client Representation for WME Sports – Variety

Max Eisenbud Named Head of Client Representation for WME Sports – Variety

July 28, 2025
Pine Park Becomes a Cold-Weather Ecology Lab – Dartmouth

Pine Park Becomes a Cold-Weather Ecology Lab – Dartmouth

July 28, 2025
National Science Foundation staff decry Trump’s ‘politically motivated’ cuts – The Guardian

National Science Foundation Staff Rally Against Politically Motivated Budget Cuts Under Trump

July 28, 2025
Test Yourself on Science Fiction That Became Reality – The New York Times

Can You Believe These Science Fiction Ideas Are Now Reality?

July 28, 2025
At 35, wobbling on a bike, I met the child I never got to be – VegOut

At 35, Wobbling on a Bike, I Rediscovered the Child I Never Got to Be

July 28, 2025
In a stressful human world, ‘mermaiding’ gains popularity in D.C. area – The Washington Post

Escape Stress with the Magical World of Mermaiding: A Growing Trend in the D.C. Area

July 28, 2025

Iran’s Economy in Crisis: Soaring Inflation and Collapsing Investments Shake the Nation

July 28, 2025
Micro wrestling coming to NE Ohio – Cleveland.com

Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

July 28, 2025
Pacific Mind Health Releases 5-Minute Mental Health Check-In Toolkit – Yahoo Finance

Boost Your Wellbeing with the New 5-Minute Mental Health Check-In Toolkit

July 28, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (743)
  • Economy (767)
  • Entertainment (21,647)
  • General (16,157)
  • Health (9,804)
  • Lifestyle (775)
  • News (22,149)
  • People (769)
  • Politics (776)
  • Science (15,981)
  • Sports (21,265)
  • Technology (15,748)
  • World (750)

Recent News

Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

July 28, 2025
Max Eisenbud Named Head of Client Representation for WME Sports – Variety

Max Eisenbud Named Head of Client Representation for WME Sports – Variety

July 28, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version