Finally, Nigeria Out of List as IATA Reports $1.7bn Blocked Funds   For the first time in recent years, Nigeria is out of the list of countries with a significant amount of airlines’ blocked funds as the International Air Transport Association (IATA) report indicated. Yesterday, the association...

According to the Nigeria Civil Aviation Authority (NCAA), it will sanction airlines that are engaged in deceitful departure time scheduling. 

$2bn Debt: Airlines Get $62m As CBN Repays Banks The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to the Deposit Money Banks. Reports have put CBN’s forward contract obligations to banks at $7bn....

High Operating Costs Force Airlines to Increase Flight Seats As part of strategies to beat high operating costs in the aviation industry, domestic airlines have increased the number of flight seats, allowing more travelers to commute and boost revenue. The President of the National Association of...

UAE Visa Ban: FG Assures Airlines of Funds Rehabilitation The Federal Government has said it is currently working on the final details related to the United Arab Emirates visa issue. This followed the recent lifting visa ban on Nigerians by the UAE. The Minister of Aviation and...

International Airlines to Generate $803bn Revenue, 4.5bn Passengers in 2023 The International Air Transport Association announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. According to the Director-General, IATA, Willie Walsh, airline industry net profits are expected to reach...