Foreign Airlines Trapped Funds Now $743m – IATA   The International Air Transport Association (IATA) on Tuesday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent to $743,721,097 in January 2023 from $662m in the corresponding period...

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...

Nigerian Air to Commence Before December - Aviation Minister Minister of Aviation, Hadi Sirika, has given assurances that the nation’s national carrier, Nigerian Air will commence operations before December, 2022. Sirika gave the assurance on Thursday, while meeting with Speaker of the House of Representatives, Femi...

FG Earmarks N30bn For Nigeria Air, New Projects   The Federal Government has earmarked the sum of N29.87bn as working capital for the proposed national carrier – Nigeria Air, and for 46 new projects in the aviation sector. An analysis of the 2023 budget presented to the...

Airlines Selling Tickets in Dollars Will be Penalised - FG   In response to airline plans to sell tickets in foreign currency, the Federal Government says it will penalize foreign airlines selling tickets in dollars. The Minister of Aviation, Hadi Sirika, revealed this while addressing journalists shortly...

Air Nigeria: FEC Approves $352m Transactionary Advisory Fees   The Minister of Aviation, Hadi Sirika said the Federal Executive Council has approved the sum of $352m for Air Nigeria’s transactionary advisory fees for its Consultants This is as the federal government has vowed to sanction any airline...