Foreign Airlines

Foreign Airlines Fear $200m Loss Over Currency Depreciation in Nigeria

February 9, 2024Admin

The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in Nigeria, may lose about $200m to exchange rate depreciation. IATA Regional Vice-President for Africa and the Middle East, Kamil Al Awadhi, said the issue of trapped funds was being exacerbated by the depreciation of the […]

Nigeria: Foreign Airlines Repatriate N795bn in Six Months

January 20, 2024Admin

The amount on the debit side of the balance of payments includes how much was spent on tickets by passengers (N779.61bn), cargo ($10.22bn), and others (N5.65bn). Foreign airlines have repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment […]

Tag: Foreign Airlines

Foreign Airlines Fear $200m Loss Over Currency Depreciation in Nigeria

Nigeria: Foreign Airlines Repatriate N795bn in Six Months

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