Dollar Shortage: Foreign Airlines Halt Ticket Sale To Nigeria-bound Travellers
As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the country have stopped local travel agencies and firms from selling tickets to intending inbound Nigeria...
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...
$53m Foreign Airlines’ Funds Trapped In Nigeria - IATA
Foreign airlines trapped funds in Nigeria currently stand at $53 million, according to the International Air Transport Association (IATA).
The airlines are unable to repatriate the money which represents proceeds from ticket sales sold in naira due...
Tragedy Averted: Lagos Bound Foreign Airlines Diverted to Ghana Airport
In spite of its avowed commitment to infrastructural development at the nation's airports tragedy was averted as Lagos bound foreign flights were diverted to nearby Ghana Airport due to weather condition and poor instrument landing...
NCAA Gives Foreign Airlines Dec. Deadline For 5% Revenue Automation
The Nigerian Civil Aviation Authority (NCAA) yesterday ordered foreign airlines to comply with the automated revenue payment platform for the remittance of five per cent Ticket Sales Charge/Cargo Sales Charge (TSC/CSC) on or before December...
Foreign Airlines Earned N288bn From Nigerian Market In Q1
Foreign airlines sold tickets worth $800 million (N288 billion) in the first half of 2018, according to the International Air Transport Association (IATA).
The figure was a great improvement on 2017 when the airlines recorded a total...
