By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: FG Clears $850m Debt to European Airlines
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

FG Clears $850m Debt to European Airlines

Adamu Abubakar
By Adamu Abubakar
Published: July 2, 2024
Share
1 Min Read
Delta Air Lines
Delta Air Lines
SHARE

The Federal Government of Nigeria has paid off the outstanding debt of $850 million to European airlines, according to the European Union Ambassador to Nigeria and ECOWAS, Samuela Isopi. This announcement was made at the 9th Nigeria-EU Business Forum in Abuja.

The payment of the debt backlog and the removal of foreign exchange restrictions on the import of 43 items were commended by Isopi, highlighting the significant trade relations between Nigeria and the EU. Nigeria remains the EU’s largest trading partner, with a total trade value of 35 billion Euros in the last year.

Additionally, the EU is Nigeria’s biggest foreign investor, with a stock estimated at 26 billion Euros, representing one-third of Nigeria’s foreign direct investment. Over 230 EU companies operate in Nigeria, providing employment opportunities for youths and women.

The Nigeria-EU Business Forum, themed “Investing in Jobs and Sustainable Future,” aims to create a platform for public-private dialogue and highlight the government’s support for businesses towards achieving inclusive development. Attendees included the Director-General at the EU, Myriam Ferran, and the Minister of Budget and National Planning, Atiku Bagudu.

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:The Federal Government of Nigeria
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Dangote Slams CBN’s 26% Interest Rate, Calls for Support for Manufacturers
Next Article DHQ Condemns Borno Bombings, Says Nigeria in State of War

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 5 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Anambra, Osun Polls: APC Faces Internal Strife as Soludo and Adeleke Engage President Tinubu Amid Election Tensions
Politics Top stories
Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?