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IATA

African Airlines’ Cargo Demand Surges By 9.4%

August 31, 2025

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

News

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

January 15, 2025

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

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

Business News·Currency·Transport

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

December 11, 2023

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

Africa·News·Transport

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

November 24, 2023

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

Nigeria Govt Finally Secures Access To Heathrow Airport For Air Peace

Business News·News

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

October 7, 2023

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

Business News

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

July 18, 2023

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

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

Business News·Transport

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

July 5, 2023

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

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

Business News

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

June 5, 2023

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

Business News

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

June 5, 2023

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

Business News

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

April 5, 2023

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

Business News

Foreign Airlines’ Blocked Funds In Nigeria Hit $551 million – IATA

December 7, 2022

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,

Naira Opens Week With Gain Across FX Markets

Business News·News

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

October 26, 2022

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

IATA Increases International Flight Tickets In Nigeria By Over 20%

Editorial

EDITORIAL: Foreign Airlines And Their Nigerian Trapped Dollars

August 23, 2022

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

Business News

Foreign Airlines’ Trapped Funds In Nigeria Up $14 million In Two Months – IATA

August 19, 2022

The International Air Transportation Association (IATA) said it is disappointed at the Nigerian government over the repatriation issue foreign airlines are experiencing in the country. IATA said due to foreign airlines inability

Business News

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

June 21, 2022

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.

Business News

Plane Cabin Remains Low-Risk Environment For Omicron – IATA

December 28, 2021

The International Air Transport Association (IATA) has disclosed that plane cabin is a ‘low-risk environment’ for COVID-19 pandemic, including the Omicron variant. The IATA explained that factors which contribute to the very

Transport·Finance & Economy·News

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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

Foreign Airlines’ Blocked Funds In Nigeria Hit $551 million – IATA

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

EDITORIAL: Foreign Airlines And Their Nigerian Trapped Dollars

Foreign Airlines’ Trapped Funds In Nigeria Up $14 million In Two Months – IATA

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

Plane Cabin Remains Low-Risk Environment For Omicron – IATA

Properly positioned, Nigeria’s aviation sector to boost its GDP – Expert

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