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Capacity shrinks over low travel demand, trapped funds
The low demand for air travel on the Nigerian route and the near apathy for air travel is beginning to lead to a sharp cut in capacity by foreign carrier occasioned by low season and the long time it took the Central Bank of Nigeria (CBN) to release $265 million out of the $464 million airlines’ funds trapped in Nigeria. The CBN had last week after a month of intense pressure by the affected airlines…
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