- Nigeria narrows BASA deficit as Omni-Blu/Enugu Air get four weekly London frequencies, starts operations Dec 1
- Geer: Competition doesn't worry us with £17 billion investment in new aircraft, B787 retrofitting
- United Nigeria Airlines backs expansion drive with landmark ₦22bn capital raise
- CIBN confers prestigious Honorary Fellowship on FAAN MD, Onabanjo-Kuku
- Delta partners BRECAN for breast cancer awareness, early detection in Nigeria
Foreign airlines’ trapped funds mount, hit $ 743 million
Nigeria caused low-fare inventory closure by carriers-Olowo Airlines’ funds trapped in Nigeria have continued to mount, a situation that has put the airlines in a tight corner. As of December 2022, the trapped funds belonging to foreign airlines hit $550 million, despite the recent intervention of the Central Bank of Nigeria (CBN) to clear part of the funds. Consequently, the International Air Transport Association, on Tuesday, disclosed that the trapped funds belonging to foreign…
Read More











