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
Advertisement
Latest News

Hitit hosts its business partners and aviation experts in Istanbul

Hitit, a provider of airline and travel IT, has its traditional conference with the participation of its business partners and experts in the airline industry.

ExecuJet celebrates IS-BAO Stage III and Wyvern Wingman renewal in South Africa

ExecuJet, part of the Luxaviation Group, is celebrating the successful renewal of its International Standard for Business Aircraft Operations (IS-BAO) Stage III and Wyvern Wingman audits.

Green Africa Airways appoints founding director of ground operations

Green Africa Airways has appointed Kristof Hegedus as its founding director of ground operations.

Embraer and Air Peace sign multi-year pool programme agreement for six ERJ-145 jets

Embraer has announced that Air Peace, Nigeria’s leading private airline, has signed a multi-year Pool Program Agreement for spare parts and support covering more than 250 components for their six Embraer ERJ-145 jets.

Marrakech gears up for the sixth edition of the Marrakech Air Show

The 6th edition of the Marrakech Air Show, the largest African civil and military aviation event, will be held in Marrakesh between 24th and 27th of October at the Royal Air Force military base in Marrakesh.

Ethiopian Airlines adds Avinor Oslo Airport to its route network

Ethiopian Airlines has firmly established itself at Norway’s main airport. Now they are enhancing their service offering between Addis Ababa and Oslo Airport.

TAA SK1009311218
See us at
AirCargoAFA_BT220318210219AviationAfrica_BT0607280219MarrakechAirshow BT2507241018