IATA

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

‘Foreign Airlines May Exit Nigeria’s Airspace’ – IATA Ranks Nigeria Country With Highest Trapped Funds

It has emerged that over $792 million belonging to foreign airlines are currently trapped in Nigeria leaving them without dollar bills for their business, a development that is currently hampering their operations

Victor Ezejaand

Admin

12 months ago

Africa·Latest News·Transport

IATA Reveals $1.68bn In Airlines’ Blocked Funds Across Africa, Urges Govt Intervention

The International Air Transport Association (IATA) underscored the harrowing entanglement of $1.68 billion in airline funds across Africa, constituting a portion of the global total of $2.36 billion. Kamil Alawadhi, the Regional

Emmanuel Ochayi

12 months ago

Air Peace Debunks Falsehood About Overbooking Flight, Abandoning Passengers At Gatwick Airport

Business·Latest News

We’ve Right Equipment, Personnel For International Operations – Air Peace

The largest airline in West Africa, Air Peace, has addressed concerns about its international operations by disclosing that it is in the clearing house of the International Air Transport Association (IATA) and

PBA Reporter

1 year ago

Business

Foreign Airlines To Start Selling International Tickets At N803.90/$1

The International Air Transport Association (IATA) has informed travel agencies that foreign airline tickets will be sold at a new rate of N803.90/$1. IATA adjusted the exchange rate for international airlines from

Fakoyejo Olalekan

1 year ago

Nigerians Spend More On Air Travels As Ticket Prices Increases By 34.06% In One Year – NBS

Business·Transport

Nigerians Spend More On Air Travels As Ticket Prices Increase By 34.06% In One Year – NBS

The cost of air tickets increased by 34.06 per cent in the last one year, the Nigeria Bureau of Statistics (NBS) report for May 2023 has revealed. According to the NBS Transport

Victor Ezeja

1 year ago

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Business

Foreign Airlines To Meet With Tinubu’s Gov’t Over $812.2m Trapped Funds

The Regional Vice President of Africa and Middle East for the International Air Transport Association (IATA), Kamil Alawadhi, has disclosed that foreign airlines will meet with President Bola Tinubu’s representatives over their

Fakoyejo Olalekan

1 year ago

Business

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

The International Air Transport Association (IATA) said airlines’ funds blocked from repatriation in Nigeria is $812.2 million as of April 2023. According to the association, Nigeria has the highest airline funds blocked

Fakoyejo Olalekan

1 year ago

Business

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

The International Air Transport Association (IATA) has disclosed that foreign airlines’ trapped fund in Nigeria has increased to $802 million. Prime Business Africa previously reported five months ago that the trapped fund

Fakoyejo Olalekan

2 years ago

Business

Foreign Airlines’ Blocked Funds In Nigeria Hit $551 million – IATA

Nigeria leads list of countries with blocked funds belonging to foreign airlines, the International Air Transport Association (IATA) has revealed. On Wednesday, IATA disclosed in a list consisting of Nigeria, Pakistan, Bangladesh,

Fakoyejo Olalekan

2 years ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Latest News

Foreign Airlines’ Trapped Funds Now $700 million, Dollar Rate Hits N760

The representative of International Air Transportation Association (IATA) in Nigeria, Samson Fatokun, says foreign airlines’ trapped funds in the African country is now $700 million. In August, the International Air Transportation Association

Fakoyejo Olalekan

2 years ago

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‘Foreign Airlines May Exit Nigeria’s Airspace’ – IATA Ranks Nigeria Country With Highest Trapped Funds

IATA Reveals $1.68bn In Airlines’ Blocked Funds Across Africa, Urges Govt Intervention

We’ve Right Equipment, Personnel For International Operations – Air Peace

Foreign Airlines To Start Selling International Tickets At N803.90/$1

Nigerians Spend More On Air Travels As Ticket Prices Increase By 34.06% In One Year – NBS

Foreign Airlines To Meet With Tinubu’s Gov’t Over $812.2m Trapped Funds

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

Foreign Airlines’ Blocked Funds In Nigeria Hit $551 million – IATA

Foreign Airlines’ Trapped Funds Now $700 million, Dollar Rate Hits N760

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