Sirika Aviation

At $450mn, Nigeria Owes 25% of Global Airlines’ Blocked Fund, Says IATA

*Airfares to Nigeria Three-times Higher than What Obtains in Other Countries The International Air Transport Association (IATA) has disclosed that airlines unremitted revenues from Nigeria (known as blocked funds) has risen to $450 million, representing 25 per cent of the total amount of international carriers’ funds held back by central banks of many countries, put […]

Aviation

Domestic Carriers Brace for Competitive Fares as Low Season Comes after Yuletide

Today makes it two weeks into the new year. That’s exactly the time the low season begins in domestic flight operations in Nigeria. After the hustle and bustle that characterised the Christmas holiday: the surging crowd of passengers at the airport terminals, the busy airspace hosting aircraft crisscrossing to land at various runways in the […]