Mixed reactions trail BDC forex ban in aviation industry - Punch Newspapers

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Some stakeholders in the aviation sector say the stoppage of the forex sale to the Bureau De Change operators by the Central Bank of Nigeria may take a toll on airlines while others think the policy was good for the sector.

The Managing Partner of Aglow Aviation Support Services Limited, Tayo Ojuri, in an interview with our correspondent, said that stakeholders had had issues with accessing forex through the CBN. “With the restriction of sales to BDCs by the CBN, the dollar cost will increase as we have seen and it will affect the cost of operations for all domestic airlines.

According to him, domestic airlines could partner international airlines to ease the burden on training and other essentials.

 

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