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Foreign Airlines Threaten Withdrawal As Stuck Funds Hit N328bn

Foreign Airlines Threaten Withdrawal As Stuck Funds Hit N328bn   Foreign airlines operating in and out of Nigeria have taken their protest to the Central Bank of Nigeria (CBN) over difficulties in repatriating accumulated funds, now in excess of $800 million (N328.8 billion). The airlines, about 30...

Nigeria Loses 20% Passenger Traffic Over Emirates, Etihad Exit

Nigeria Loses 20% Passenger Traffic Over Emirates, Etihad Exit       The suspension of Emirates Airlines and Etihad’s withdrawal from Nigerian airspace has cost the country, at least, a 20 per cent decline in international passenger traffic. The Economic Confidential learned that the decline was a major setback...

Aviation: Recovery In Sight As Local Airlines Scale Up Operations

Aviation: Recovery In Sight As Local Airlines Scale Up Operations         At least three local airlines have shown signs of early recovery from COVID-19 lockdown, with the reopening of closed routes and additional frequencies on traditional routes. As of yesterday, airlines like Dana Air, Air Peace and...