Author: Wole Shadare

The withholding of foreign airlines’ over $450 million funds by the Central Bank of Nigeria (CBN) is seriously affecting the carriers as South African Airways (SAA) is adjusting its tickets from Naira to Dollar with the ease of allowing its funds to remain in her country rather than go through the process of the difficulty in repatriating its funds from Nigeria. Consequently, the carrier in a statement to its trade partners said from Wednesday, August…

The Federal Airports Authority of Nigeria (FAAN) and the Nigerian Copyright Commission (NCC) have signed a Memorandum of Understanding (MOU) to curb sales of pirated copyright materials at airports across the country. The NCC Director-General, Dr. John Asein, and the FAAN Managing Director, Captain Hamisu Yadudu, signed the MoU in Abuja. This was contained in a statement issued on Tuesday by the NCC Director, Public Affairs, Vincent Oyefeso. Asein thanked FAAN for supporting the commission’s…

The effects of unremitted funds to foreign airlines would continue to lead to high airfares, according to the Chairman, Finchglow Holdings, Mr. Bankole Bernard. The Federal Government, through the Central Bank of Nigeria (CBN), is withholding over $450 million in funds belonging to the carriers, a situation that has posed a serious problem to the operations of the carriers. He equally lamented that the voluntary suspension of operations of Aero Contractors and the grounding of…

Adopt cash and carry policy, more flight disruptions expected Three carriers undergo safety audits, five more for probe No preferential treatment for national carrier-NCAA The incessant delay by airlines and the stranding of passengers across many airports in the country have been attributed to the stoppage of the supply of fuel jets to airlines because of huge outstanding debts owed to fuel suppliers. It is not clear how much the airlines owe the marketers, a…