FG Mulls Debt Relief for Airlines as Fuel Crisis Bites The Federal Government has announced plans to waive debts owed by domestic airlines to aviation agencies as part of measures to cushion the impact of the ongoing Jet A1 fuel crisis. Minister of Aviation and Aerospace...

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...