in Business & Finance

Nigeria to release $300mn to foreign carriers

Posted 8 November 2016 · Add Comment

The Nigerian government said it has directed the Central Bank of Nigeria (CBN) to release a total of USD300 million in unremitted revenue to foreign airlines, reports ch-aviation.

The announcement comes after IATA lumped the West African petrostate into the same category as Venezuela in June this year after complaints from foreign carriers that they were owed seven months worth of revenue (USD591 million) by the CBN.

* required field

Post a comment

Other Stories
Latest News

A national space strategy for Tunisia and the development of space in Africa

Jean-Pascal Le Franc, CNESís Director of Planning, International Relations and Quality, took part in the conference in Hammamet on ďA national space strategy for TunisiaĒ.

Partnerships key to Swaziland revival

The Swaziland aviation landscape could be on the brink of change, as former national flag-carrier Royal Swazi National Airways considers resuming flights, creating uncertainty for joint-venture incumbent Swaziland Airlink.

Akagera Aviation chooses four Tecnam aircraft

Tecam has said Akagera Aviation, based at Kigali International Airport in Rwanda is establishing a Flight Training Organisation with a fleet of four Tecnam aircraft.

UK travellers heading to Tunisia should ensure travel insurance

Following news Thomas Cook has joined TUI in reintroducing Tunisian holidays from February 2018, travel insurance technology expert Aquarium Software is advising holidaymakers planning a trip to Tunisia this Easter that

SAA advises of US flight changes due to bad weather

South African Airways (SAA) advises all its customers of changes to its US flights due to adverse weather conditions.

School puts life saving in a class of its own

Kaleyesus Bekele explains why an East African flight school is luring cadets from other parts of the continent.

Aviation Africa SK18418
See us at
Global Aerospace BT010518AirCargoAFA_BT220318210219Aviation Africa BT18418