The Senate has directed the Central Bank of Nigeria (CBN) to increase the foreign exchange allocation to foreign airlines operating in Nigeria. This was made known on Wednesday after a motion titled; “Current
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The International Air Transport Association (IATA) has disclosed that foreign airlines’ trapped fund in Nigeria has increased to $802 million. Prime Business Africa previously reported five months ago that the trapped fund
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The revenue of foreign airlines blocked from repatriation by the Nigerian government has increased to $743 million as of the end of January 2023. According to the International Air Transport Association (IATA),
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Chairman and Chief Executive Officer of Air Peace, Allen Onyema, says foreign airlines can’t survive challenges faced by airline companies operating domestic flights. Onyema, who doubles as the vice-president of the Airline
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Nigeria leads list of countries with blocked funds belonging to foreign airlines, the International Air Transport Association (IATA) has revealed. On Wednesday, IATA disclosed in a list consisting of Nigeria, Pakistan, Bangladesh,
More Emirates, the national carrier of the United Arab Emirates (UAE), has suspended flights in Nigeria, as the company complains of its revenue trapped in the country. Scarcity of dollar had led to
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The representative of International Air Transportation Association (IATA) in Nigeria, Samson Fatokun, says foreign airlines’ trapped funds in the African country is now $700 million. In August, the International Air Transportation Association
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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has also made an allegation against foreign aviation authorities, stating that they are harassing Nigerian airlines by unnecessarily using sniffer dogs
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The Chief Executive Officer of Air Peace, Allen Onyema, has criticised foreign airlines over the issue of trapped funds in Nigeria, stating that they are partly to blame for the situation that
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Emirates Airlines has revealed that the suspension of Nigerian flights will continue after the Central Bank of Nigeria (CBN) released funds to settle protest among foreign airlines over trapped funds. Two weeks
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