International Air Transport Association

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

2 years ago

Business

IATA Increases International Flight Tickets In Nigeria By Over 20%

International airline operators have increased the cost of tickets due to the naira devaluation, as the International Air Transport Association (IATA) adopted the N702/$1 exchange rate for ticket pricing in Nigeria. Prime

Fakoyejo Olalekan

2 years 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

2 years 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

2 years 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

Business

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

About $450 million belonging to foreign airlines operating in Nigeria has been seized by the Central Bank of Nigeria (CBN), preventing the international companies from repatriating the funds back to their base.

Fakoyejo Olalekan

3 years ago

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International Air Transport Association

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

IATA Increases International Flight Tickets In Nigeria By Over 20%

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

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

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