The International Air Transport Association (IATA) yesterday reported that $1.3 billion in airline funds are blocked from repatriation by governments as of end of April 2025.

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...

CBN Pays Off $831m Foreign Airlines’ Trapped Funds – IATA The International Air Transport Association (IATA)  has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date. The Geneva, Switzerland-based IATA said the development had...

IATA Cautions FG as Airlines Trapped Funds Rises to $802m The International Air Transport Association latest report has revealed that the total amount of foreign airlines’ trapped funds in Nigeria has risen to $802m and warned the Nigerian government that the situation could hamper air...

Air Travel Increased By 68% In August – IATA   The International Air Transport Association (IATA) has said that air traffic increased 67.7 per cent in August 2022, when compared to what was recorded in the same month in 2021. IATA also stated in its air traffic...

Demand For Air Cargo Transport Slowed In May - IATA   The International Air Transport Association has stated that the demand for air cargo transport in Africa slowed in May 2022 as against the previous year. An IATA report revealed that the slowdown experienced by African airlines...