Trapped revenue: CBN bows to foreign airlines’ pressure, releases $265m
The Central Bank of Nigeria (CBN) yesterday released $265 million to foreign airlines operating in the country for the remittance of a part of their
Category : Aviation
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This is the latest news and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.
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UAE and Nigeria’s missed opportunity
To say that the high incidence of young people fleeing their countries for other countries is a Nigerian problem would be largely unfair to the
SAHCO reaffirms support for fight against drugs
Skyway Aviation Handling Company PLC (SAHCO) has declared its continuous support to Nigeria’s fight against peddling of controlled substances. The Managing Director/CEO of SAHCO, Basil
British Airways suspends ticket sales over trapped funds
The United Kingdom mega carrier, British Airways, has stopped travel agents in Nigeria from selling their tickets amid the difficulty of foreign airlines to repatriate
Airlines: CBN releases $265million to settle outstanding ticket sales
The Central Bank of Nigeria (CBN),on Friday, released the sum of 265 million dollars to airlines operating in the country to settle outstanding ticket sales.
Experts laud CBN for injecting $265m into aviation sector
Some stakeholders have commended the Central Bank of Nigeria (CBN) for injecting $265million into the nation’s aviation sector. This action, the stakeholders said would bailout
Experts bemoan threats, demand multi-layer security at nationwide airports
Experts in the aviation sector, yesterday, bemoaned insecurity in the country, advocating multi-layer security mechanism to safeguard nationwide airports from terrorists. The stakeholders, at the
Trapped funds threaten our jobs – Aviation workers
The National Union of Air Transport Employees have said that many aviation workers could lose their jobs due to the funds belonging to foreign airlines
FG refutes dollarisation of flight tickets, upward review of aviation charges
The Federal Government, yesterday, refuted claims that international flight tickets had been dollarised, with foreign airlines allegedly rejecting naira as currency of sale. Head of
FG begins talks with airlines over trapped funds
The Minister of Information and Culture, Alhaji Lai Mohammed has said relevant authorities are working towards addressing issues concerning revenue of foreign airlines that have
