Nigeria is between a rock and hard place, and every day it is getting more and more difficult to leave it — literally. The country is grappling with two full-on rebellions — one by Boko Haram in the north and the other by armed gangs in the oil-rich Niger Delta — as well as persistently low crude […]
Firstnation Airways said that barring any last minute hitch it would commence flight operations on September 15, 2016 as scheduled by the management of the airline, stating that the major challenge the industry has is the difficulty in accessing forex, which has led to unpredictability and uncertainty in a sector that is defined by accurate […]
* Why Nigerians pay higher airfares The Country Manager of British Airways, Kola Olayinka has disclosed that foreign airlines operating in Nigeria lost N6.4billion in the N157.6 billion ($800) of their revenues trapped in the Central Bank of Nigeria (CBN) when the Naira was devalued from N197 to N280 by the apex regulator. The […]
Nigerian airlines have implored the Central Bank of Nigeria (CBN) to allow them direct access to forex market in order to meet the demands of their creditors and be able to renew their aircraft leases. The airlines said the limited access to foreign exchange, has made it difficult for them to pay for aircraft […]
