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Nigeria’s flight bookings collapse by 50%, FG, travel agents count losses
The inability of the Central Bank of Nigeria (CBN) to help foreign airlines repatriate over $700 million has done some incalculable economic damage to the travel industry in Nigeria. Investigation by Aviation Metric indicates that Nigeria’s flight bookings in April alone collapsed by approximately 50 percent as travel agents are losing tonnes of business and huge revenue. It is unknown how much the losses are, there are indications that the Federal Government may have lost over $300…
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