By Seun Ibiyemi The International Air Transport Association IATA lauds Nigeria’s clearing 831 million USD in foreign airlines’ trapped funds. This significant achievement marks a positive step in restoring confidence within the global civil aviation community. IATA’s Regional Vice President…
Foreign airlines operating in Nigeria have expressed dissatisfaction with the initial $61 million payment made by the federal government to address the $800 million in revenue owed to international carriers stuck in the country. The airlines described the amount as…
Foreign airlines operating in Nigeria raked in around $1.1bn in 2022 despite foreign exchange challenges. In a conversation with our correspondent, the Chairman of the Airlines and Passengers Joint Committee of the International Air Transport Association (IATA) Bankole Bernard, quoting…
…Foreign airlines remitted over $600m to home countries in 2016 — Sirika …Says $1.1bn was made from Nigeria in six years By Uthman Salami & Seun Ibiyemi The Federal government has announced its readiness to sanction any foreign Airlines charging…
For the first time in the Nigerian aviation industry’s history, some foreign airlines had to shut down operations in the country while others were warming up to do the same before the Central Bank of Nigeria (CBN) intervened, releasing about…
…Situation reflects acute forex liquidity crisis in Nigerian economy — Muda Yusuf …CBN should open an aviation forex domiciliary account for foreign airlines By Seun Ibiyemi and Ogaga Arieimu Stakeholders in the Aviation sector have reacted to the restrictions placed…
…Operators threaten to sue FG …Insist multiple entries for foreign airlines will kill local operators …As FG defends approval for revenue generation By Moses Adeniyi Crisis in Nigeria’s aviation sector has further heightened as Domestic Airlines have threatened to sue…
By Tobi Adetunji There are strong indications that several foreign carriers are cancelling flight and experiencing sales crash as aftermath of travel ban on Nigeria. The travel bans imposed by Canada and the United Kingdom on Nigeria passengers have hit…
