Foreign airlines
14 Sep
• Woos aviation investors with tax holidays, other incentives • IATA ranks Nigeria highest in airport charges in Africa President Bola Tinubu, yesterday, directed the Central Bank of Nigeria (CBN) to create a platform for quarterly reconciliatory meetings with foreign airlines, towards settling accumulated trapped funds. Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed…
1 Sep
Minister of Aviation and Aerospace Development, Festus Keyamo, yesterday, ordered the immediate relocation of all foreign airlines to the new but deserted Chinese terminal at the Murtala Muhammed International Airport (MMIA) in Lagos.
21 Jun
After a long-drawn battle in Nigeria, foreign airlines are beginning to turn the heat on Ethiopia over a $95 million stuck fund.
16 May
Foreign airlines, yesterday, pushed back on the recent upward review of Rate of Exchange (RoE) and attendant spike in the cost of international air travel, saying they were induced by the Central Bank’s exchange rate and local market volatility.
26 Apr
For the third time in less than a month, the rate of exchange (RoE) applicable to foreign airlines has ballooned, hitting N582/$1 with attendant spike in the cost of international air travel.
23 Mar
Foreign airlines have, for the umpteenth time, appealed to the Federal Government to release and assist in the repatriation of trapped funds in excess of $743 million.
12 Mar
Adeyemi was still basking in the euphoria of relocating abroad when he visited the ABX travel agency. On arrival, he requested a return-ticket bill for a family of six.
15 Feb
Apart from naira scarcity, foreign exchange liquidity crisis rocking the nation’s air transport sector has taken another ugly turn with foreign airlines tacitly refusing to sell tickets in statutory local currency.
8 Feb
Foreign airlines’ stuck fund crisis that is rocking the air transport sector has cost aviation, and the economy at large, about $500 million revenue loss in 2022.
5 Jan
*14 countries reinstate mandatory test on Chinese travellers Foreign airlines, yesterday, kicked against gradual return of travel protocols following the resurgence of COVID-19 infections in some parts of the world, especially China. The airlines, under the aegis of International Air Transport Association (IATA), said the reintroduction of testing and other measures on travellers had proven…
25 Oct 2022
The Federal Government, yesterday, dared foreign airlines operating in the country to make good their threat to shutdown operations, saying they should remain grateful for doing business in Nigeria.
20 Oct 2022
The Lower Chamber of the National Assembly has appealed to foreign airlines to make affordable airfare layers available to the Nigerian market, as it pledges to find a solution to the stranded fund
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