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CBN Reaffirms Commitment To Increase Investors Confidence

CBN Reaffirms Commitment To Increase Investors Confidence

The Central Bank of Nigeria (CBN) has disbursed approximately $61.64 million to foreign airlines through various banks in fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks…

Foreign Airlines To Begin Sales Of Tickets In U.S Dollars

Foreign Airlines To Begin Sales Of Tickets In U.S Dollars

Some foreign airlines operating in Nigeria on Saturday announced plans to begin the sales of tickets in US dollars, New Telegraph reports. Industry insiders claim that the airlines have promised to sell dollar tickets in…

Foreign Airlines Bemoan Trapped $700m In Nigeria Banks

Foreign Airlines Bemoan Trapped $700m In Nigeria Banks

Following the Central Bank of Nigeria (CBN) directive for airlines to meet their banks to clear the foreign exchange (FX) forwards backlog, the foreign airlines have said that about 90 per cent of their $783m…

2023 Hajj: NAHCON, Airlines Agrees On $250 Increase For Fare

2023 Hajj: NAHCON, Airlines Agrees On $250 Increase For Fare

Zikrullah Hassan, the Chairman of the National Hajj Commission (NAHCON) has stated that four local airlines, identified as Air Peace, Azman, Max Air, and Aero Contractors, have requested a sum of $250 increase in the…

Nigerian airlines jostle for lucrative Hajj operations

Nigerian airlines jostle for lucrative Hajj operations

About eight Nigerian airlines are jostling to land the very lucrative Hajj exercise. The airlines are Azman, Max Air, United Nigeria Airlines, Aero Contractors, ValueJet Arik, and Sky Power Express. The mouth-watering 95, 000 intending…

FG fears airlines’ imminent collapse over N19bn debts

FG fears airlines’ imminent collapse over N19bn debts

Carriers get one month ultimatum to pay lAviation agencies subsidising operations Delta airline suspends New York to Lagos flights over low demand Nigerian airlines’ debts have risen to N19 billion and $.7.8 million. These are…

Airlines’ group rescind decision on ticket sale in dollars

Airlines’ group rescind decision on ticket sale in dollars

…as NCAA awaits security clearance on Air NigeriaNgige The APG Interline Electronic Ticketing Agreements (IET) yesterday recalled and canceled the notice it made to its trade partners including travel agencies to issue air tickets in…

Airlines risk extinction as carriers operate below unit cost

Airlines risk extinction as carriers operate below unit cost

…stakeholdersin limbo as JET A1 skyrockets to N400 per litre How sunset activities at 18 airports hampers operations Nigerian airlines are in dire straits, New Telegraph can reveal. This is because of the twin effects…

Airlines: Nigeria exempted from $601m trapped funds

Airlines: Nigeria exempted from $601m trapped funds

The International Air Transport Association (IATA), the clearing house for global airlines, has disclosed that over $601 million of airlines’ funds are trapped in some African countries; a situation that has negatively impacted carriers operating…

Intrigues as airlines get FG’s N4bn bailout fund

Intrigues as airlines get FG’s N4bn bailout fund

Scheduled carriers share N3bn, charter receive N1bn The Federal Government has kept to its promise with N4 a billion bailout that has been handed out to the carriers as a way of cushioning the effects…