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Tag "trapped funds"

Emirates: Why flight operations to Nigeria remain suspended

    Emirates: Why flight operations to Nigeria remain suspended

Emirates Airline says a substantial balance of its revenue trapped in Nigeria is yet to be repatriated.  The airline, in a statement on Friday, called for a ‘committed strategy’ by

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Foreign airlines’ blocked funds in Nigeria hit $743m, says IATA

    Foreign airlines’ blocked funds in Nigeria hit $743m, says IATA

The International Air Transport Association (IATA) says foreign airlines’ revenue blocked from repatriation by the Nigerian government has increased to $743 million from $662m in January 2023. The association disclosed

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Trapped funds: Travel agencies seek FG intervention over ‘unfair’ ticket pricing by foreign airlines

    Trapped funds: Travel agencies seek FG intervention over ‘unfair’ ticket pricing by foreign airlines

The National Association of Nigeria Travel Agencies (NANTA) has called on the Federal Competition and Consumer Protection Commission ( FCCPC) to proffer solutions to the challenges of airfare profiteering in

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FG: We’re not threatened by foreign airlines’ withdrawal of operations

    FG: We’re not threatened by foreign airlines’ withdrawal of operations

Hadi Sirika, minister of aviation, says Nigeria will not succumb to threats by foreign airlines to shut down operations in Nigeria. Sirika said this on Monday at a stakeholder meeting

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Trapped funds: CBN will release $120m to foreign airlines, says Emefiele

  Trapped funds: CBN will release $120m to foreign airlines, says Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says $120 million will be released to international airlines to

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Trapped funds: Gbaja meets foreign airlines, aviation stakeholders to resolve dispute

  Trapped funds: Gbaja meets foreign airlines, aviation stakeholders to resolve dispute

The leadership of the house of representatives, on Monday, intervened in the dispute between Nigeria and foreign airlines. The meeting

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‘It’s unacceptable’ — Travel agencies ask FG to engage stakeholders on soaring air fares

  ‘It’s unacceptable’ — Travel agencies ask FG to engage stakeholders on soaring air fares

The National Association of Nigeria Travel Agencies (NANTA) says the continued increase in the price of local and international air

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IATA: Release of $265m will encourage foreign airlines to continue servicing Nigeria 

  IATA: Release of $265m will encourage foreign airlines to continue servicing Nigeria 

The International Air Transport Association (IATA) says the release of $265 million by the Nigerian government to foreign airlines will

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