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...
Minister Faults Foreign Airlines Over Blocked Funds, Others
The Federal Government has dismissed threats by foreign airlines to suspend operations in Nigeria over their inability to repatriate their blocked forex from the country.
The Minister of Aviation, Senator Hadi Sirika, said that Nigeria would fare better...
$600m Blocked Funds: Foreign Airlines May Cut Flights
Many foreign airlines are considering further drastic steps to mitigate the effects of blocked funds in Nigeria.
The options, according to a highly placed source, include outright stoppage of flights to Nigeria, reduction in frequencies which Emirates Airlines...
