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IATA

African Airlines’ Cargo Demand Surges By 9.4%

African airlines demonstrated remarkable growth in air cargo demand during July 2025, with a 9.4 per cent year-on-year increase in cargo tonne-kilometers (CTK). This was revealed in the latest data released by the International Transport Association (IATA) for July 2025. This growth highlights the continent’s expanding

August 31, 2025

News

IATA Hails Air Peace’s Safety Standard As Airline Secures 6th IOSA Certification

The International Air Transport Association (IATA) has hailed Air Peace’s safety record, stating that it complies with international standards. IATA’s Regional Director for West and Central Africa, Dr. Patrick Fatokun, made this known when he delivered Air Peace’s IATA Operational Safety Audit

January 15, 2025

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

Business·Currency·Transport

‘Foreign Airlines May Exit Nigeria’s Airspace’ – IATA Ranks Nigeria Country With Highest Trapped Funds

It has emerged that over $792 million belonging to foreign airlines are currently trapped in Nigeria leaving them without dollar bills for their business, a development that is currently hampering their operations globally and making them consider quitting the country’s airspace altogether.

December 11, 2023

Africa·News·Transport

IATA Reveals $1.68bn In Airlines’ Blocked Funds Across Africa, Urges Govt Intervention

The International Air Transport Association (IATA) underscored the harrowing entanglement of $1.68 billion in airline funds across Africa, constituting a portion of the global total of $2.36 billion. Kamil Alawadhi, the Regional Vice-President for Africa and the Middle East during the African

November 24, 2023

Nigeria Govt Finally Secures Access To Heathrow Airport For Air Peace

Business·News

We’ve Right Equipment, Personnel For International Operations – Air Peace

The largest airline in West Africa, Air Peace, has addressed concerns about its international operations by disclosing that it is in the clearing house of the International Air Transport Association (IATA) and has the necessary tools and employees to run foreign flights.

October 7, 2023

Business

Foreign Airlines To Start Selling International Tickets At N803.90/$1

The International Air Transport Association (IATA) has informed travel agencies that foreign airline tickets will be sold at a new rate of N803.90/$1. IATA adjusted the exchange rate for international airlines from N776.90/$1 after the naira slumped consecutively against the dollar in

July 18, 2023

Nigerians Spend More On Air Travels As Ticket Prices Increases By 34.06% In One Year – NBS

Business·Transport

Nigerians Spend More On Air Travels As Ticket Prices Increase By 34.06% In One Year – NBS

The cost of air tickets increased by 34.06 per cent in the last one year, the Nigeria Bureau of Statistics (NBS) report for May 2023 has revealed. According to the NBS Transport Fare Watch for May 2023, the shows that airfare rose

July 5, 2023

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Business

Foreign Airlines To Meet With Tinubu’s Gov’t Over $812.2m Trapped Funds

The Regional Vice President of Africa and Middle East for the International Air Transport Association (IATA), Kamil Alawadhi, has disclosed that foreign airlines will meet with President Bola Tinubu’s representatives over their trapped funds. Alawadhi said the foreign airlines will engage with

June 5, 2023

Business

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

The International Air Transport Association (IATA) said airlines’ funds blocked from repatriation in Nigeria is $812.2 million as of April 2023. According to the association, Nigeria has the highest airline funds blocked from repatriation (35.7%) when compared to other countries where airlines

June 5, 2023

Business

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

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 was $700 million, rising from $464 million disclosed in July

April 5, 2023

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IATA

African Airlines’ Cargo Demand Surges By 9.4%

IATA Hails Air Peace’s Safety Standard As Airline Secures 6th IOSA Certification

‘Foreign Airlines May Exit Nigeria’s Airspace’ – IATA Ranks Nigeria Country With Highest Trapped Funds

IATA Reveals $1.68bn In Airlines’ Blocked Funds Across Africa, Urges Govt Intervention

We’ve Right Equipment, Personnel For International Operations – Air Peace

Foreign Airlines To Start Selling International Tickets At N803.90/$1

Nigerians Spend More On Air Travels As Ticket Prices Increase By 34.06% In One Year – NBS

Foreign Airlines To Meet With Tinubu’s Gov’t Over $812.2m Trapped Funds

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

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

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