Godwin Emefiele says the Central Bank of Nigeria is not mandated by law to provide airlines with all their dollar earnings.
The development comes shortly after the Central Bank released $265 million to foreign airlines amid threats by the international carries stop operations in Nigeria.
![Fly Emirate plane used to illustrate the story. [PHOTO CREDIT: Emirate Web Page]](https://gazettengr.com/wp-content/uploads/2020/09/Fly-Emirate.jpg)
The pilot and co-pilot had a dispute shortly after takeoff and grabbed each other by their collars after one of them threw a punch.
Sixty-one flights were axed as the west London airport did not believe it could have handled the expected number of passengers.
Earlier this month, airline operators threatened to shut down domestic flights after aviation fuel reached N700 per litre.
The association had on Friday threatened to shut down flights services to passengers, if the federal government refused to reduce the price of Jet A1.
The planned shutdown is due to an increase in aviation fuel price from N190 to N700 per litre.
According to a study by IATA, cash burn will continue through 2021, leading to a net loss of $38.7 billion.
