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IATA - Page 2

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

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

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, Lebanon, Algeria and 22 others that about $2 billion revenue

December 7, 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

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

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

Business

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

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 to repatriate their funds, the total amounts the international companies

August 19, 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

Business

Plane Cabin Remains Low-Risk Environment For Omicron – IATA

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 low risks include aircraft design characteristics (direction of airflow, rate

December 28, 2021

Finance & Economy·News·Transport

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

Some of Nigeria’s international airports have in the last few years been expanded and refurbished in an attempt to upgrade them to become modern standards. This and more are part of concerted efforts being made by the Nigerian government to ensure that

July 3, 2021

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IATA - Page 2

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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