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Foreign airlines - Page 2

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Emirates Airline Suspends Nigerian Operation In Protest Over Trapped Revenue

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 foreign airlines’ funds being trapped in Nigeria, as the country’s

November 3, 2022

Naira Opens Week With Gain Across FX Markets

Business·News

Foreign Airlines’ Trapped Funds Now $700 million, Dollar Rate Hits N760

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 had disclosed that the trapped funds was $464 million as

October 26, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Sniffer Dogs: CBN’s Emefiele Backs Air Peace’s Claim Against Foreign Authorities, Releases $120 million

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 on them. Prime Business Africa had previously reported that the

October 25, 2022

UNIZIK Teaching Hospital Honours Air Peace Boss, Onyema, With Benefactor Award

Business·News

VIDEO: Air Peace Boss, Onyema, Blames Foreign Airlines For Trapped Dollars, Gives Reasons

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 has prevented them from repatriating their dollar ticket sales. Onyema

October 20, 2022

Emirates To Suspend Flights To Nigeria Over Inability To Repatriate Earnings

Business

Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

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 ago, the United Arab Emirates national carrier disclosed that it

September 1, 2022

News·World News

Trapped Funds: CBN Releases $265m To Foreign Airlines In Latest Strategic Move

In a strategic move to address the issue of trapped funds belonging to foreign airlines and check the brewing crisis in Nigeria’s aviation sector, the Central Bank of Nigeria (CBN) has released the sum of $265 million to settle outstanding ticket sales.

August 26, 2022

IATA Increases International Flight Tickets In Nigeria By Over 20%

Editorial

EDITORIAL: Foreign Airlines And Their Nigerian Trapped Dollars

The International Air Transportation Association (IATA) on Thursday announced the frustration of foreign airlines over their inability to repatriate trapped dollars totaling about $464 million as of July, 2022, showing a $14 million increase from what it was in May, about three

August 23, 2022

News·Transport

Ethiopian Airlines Suspends 2 Sleeping Pilots

For the first time, Prime Business Africa confirms that at least two sleeping pilots have been sanctioned by Ethiopian Airlines for putting passengers lives in danger while flying the aircraft on August 15, 2022. The two pilots working for the Ethiopian Airlines

August 20, 2022

Business

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

About $450 million belonging to foreign airlines operating in Nigeria has been seized by the Central Bank of Nigeria (CBN), preventing the international companies from repatriating the funds back to their base. The International Air Transport Association (IATA) made the disclosure in

June 21, 2022

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Foreign airlines - Page 2

Emirates Airline Suspends Nigerian Operation In Protest Over Trapped Revenue

Foreign Airlines’ Trapped Funds Now $700 million, Dollar Rate Hits N760

Sniffer Dogs: CBN’s Emefiele Backs Air Peace’s Claim Against Foreign Authorities, Releases $120 million

VIDEO: Air Peace Boss, Onyema, Blames Foreign Airlines For Trapped Dollars, Gives Reasons

Trapped Funds: Emirates Airlines To Proceed On Suspension of Nigerian Flights Despite CBN Intervention

Trapped Funds: CBN Releases $265m To Foreign Airlines In Latest Strategic Move

EDITORIAL: Foreign Airlines And Their Nigerian Trapped Dollars

Ethiopian Airlines Suspends 2 Sleeping Pilots

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

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