The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in Nigeria, may lose about $200m to exchange rate depreciation. IATA ...
Foreign airlines in Nigeria face mounting pressure to release lower ticket inventories following the Central Bank of Nigeria's (CBN) decision to clear substantial portions of their blocked funds. While commending ...
The Central Bank of Nigeria and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country. The CBN on Tuesday said it ...
The Central Bank of Nigeria (CBN) has disbursed $61.64 million to foreign airline operators through various Deposit Money Banks (DMBs), as part of its commitment to clearing the backlog of ...
The International Air Transport Association on Thursday disclosed that as of September, $1.68bn of airlines’ funds are locked across Africa out of a global total of $2.36bn. The Regional Vice-President ...
Foreign airlines operating in Nigeria raked in around $1.1bn in 2022 despite foreign exchange challenges, The PUNCH reports. In a conversation with our correspondent on Monday, the Chairman of the ...
International airfares on Nigerian routes have gone up further by over 20 per cent after foreign airlines raised the exchange rate for ticket sale from N462 per dollar to N551 ...
In this interview with FUNMI FABUNMI and LILIAN UKAGWU, Bankole Bernard, group managing director/CEO of Finchglow Holdings and chairman of the airlines and passengers joint committee of the International Air ...
The International Air Transport Association on Tuesday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent to $743,721,097 in January 2023 ...
Following the continued withholding of foreign airlines' ticket sales earnings, the Association of Foreign Airlines and Representatives in Nigeria (AFARN) has accused the Federal Government of violating the Bilateral Air ...
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