trapped funds – The Business Intelligence

Travel agents call for lower air fare for travellers as FG clears foreign airlines’ trapped funds

EditorFebruary 1, 2024

by EditorFebruary 1, 20240144

After the Central Bank of Nigeria (CBN) released outstanding backlogs of $64.44 million of foreign airlines trapped funds, the National Association of Nigerian Travel Agents

Aviation

How foreign airlines partly repatriated $802m ‘trapped funds’ from Nigeria

EditorApril 8, 2023

by EditorApril 8, 20230113

Despite claims in some quarters that foreign airlines may soon shutdown operation in Nigeria as a result of ‘trapped funds,’ it has emerged that that

Aviation Transport

IATA warns Nigeria as airlines trapped funds hit $802m

EditorApril 4, 2023April 4, 2023

by EditorApril 4, 2023April 4, 20230143

The total amount of foreign airlines’ trapped funds in Nigeria has risen to $802m, according to latest figure by the International Air Transport Association-the Switzerland-based

Aviation Transport

Trapped funds: No respite yet for foreign carriers

EditorMarch 21, 2023

by EditorMarch 21, 20230152

Global outrage is on the rise over the failure of some countries, including Nigeria, to release funds accruing from ticket sales by foreign carriers operating

Aviation Featured Finance Transport

Trapped funds of Emirates Airlines will be paid — FG

Our Reporter November 9, 2022

by Our Reporter November 9, 20220199

The Federal Government told the Senate, Tuesday, that it was working to ensure that the trapped funds of Emirates Airlines are paid as quickly as

Aviation Transport

‘Foreign airlines’ trapped funds will discourage investors’

Our Reporter October 26, 2022

by Our Reporter October 26, 20220261

The accusation by the Association of Foreign Airlines and Representatives in Nigeria that the Federal Government violated the Bilateral Air Service Agreement as touching the

Aviation Transport

Trapped funds: Onyema makes case for reciprocity, calls for patriotism among Nigerians

Our Reporter October 22, 2022

by Our Reporter October 22, 20220175

Founder and Chairman of Air Peace, Allen Onyema has challenged foreign airlines complaining of blocked or trapped funds in Nigeria to reduce their frequencies stressing

Aviation Transport

British Airways suspends ticket sales over trapped funds

Our Reporter August 27, 2022

by Our Reporter August 27, 20220145

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

Aviation Featured Transport

FG begins talks with airlines over trapped funds

Our Reporter August 23, 2022

by Our Reporter August 23, 20220175

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

April 2019 Edition