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...

Domestic Cargo Movement Falls By 15%       The harmonized cargo movement in the country for the year 2020 indicate a significant drop of 15 per cent in cargo movement, data from the Federal Airports Authority of Nigeria have shown. Following the restriction of movement of air passengers...

IATA Foresees Low Passenger Traffic As Ticket Purchases Decline         The International Air Transport Association is worried that there may not be any significant improvement in passenger volumes in the near term. The IATA in its Economics’ Chart for the week explained that ticket purchases rising towards...

IATA Predicts N109.3bn Loss For Nigeria, Other African Carriers In 2019 The International Air Transport Association (IATA) has predicted that Nigeria and other African countries will experience bleak 2019 in their aviation industry with a record $300 million (an estimated N109.350bn) loss for the continent’s...

IATA Forecasts Higher Air Traffic In Nigeria, Others ...Agency projects 8.2 billion passengers by 2037   The International Air Transport Association (IATA), Wednesday revealed that present trends in air transport suggest passenger numbers could double to about 8.2 billion by 2037. The latest update to IATA’s 20-Year Air...