The International Air Transport Association yesterday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have reached $743,721,097 from $662m in January 2023. IATA disclosed this in a letter addressed to the Minister of Aviation, Hadi Sirika and signed by the Area Manager West and Central Africa, Dr Samson Fatokun. According to […]
The National Association of Nigeria Travel Agencies (NANTA) is seeking a solution to eliminate the fare profiteering of foreign airlines in Nigeria, which charge exploitative tickets on Nigerian passengers, leaving their low fares in foreign currency. President National Association of Nigeria Travel Agencies, Mrs. Susan Akporiaye in company of some of her executives recently visited […]
Airline Operators of Nigeria (AON) has excoriated foreign airlines for feasting on Nigerian passengers with exploitative airfares, which is the highest from any African destination. AON made this known in a meeting it held with other aviation stakeholders, including international airlines representatives, hosted by the Speaker of the House of Representatives, Hon. Femi Gbajabiamila. The […]
*Aviation stakeholders hail release of funds, seek permanent solution *Say CBN’s action saved Nigeria’s image Following the announcement of the release of $265million trapped funds to foreign airlines by the Central Bank of Nigeria (CBN), the international carriers have reintroduced their lower class tickets, better known as lower inventory in their operations in Nigeria. This […]
President of the National Association of Nigeria Travel Agencies (NANTA), Mrs. Susan Akporiaye has denied the plan by foreign airlines to sell tickets in dollars following the forex scarcity and inability of airlines to repatriate their earnings from the country. The NANTA President was reacting to reports indicating that foreign carriers would start selling tickets […]
